Question
A bill of exchange was accepted by the drawee and later
discounted by drawer with bank. On maturity, the drawee defaulted. Who is liable?Solution
Bank will recover from drawer if drawee defaults. Drawer’s contingent liability becomes actual.
Statements: U ≤ T < V; W < V; S = T < R; X < W = Y < Z
Conclusions:
I. R > U
II. X < S
III. T < Z
Which of the symbol should replace the question mark in the given expression in order to make the expression “M ≥ Q” as well as “O > K” defini...
In the question, assuming the given statements to be true, find which of the conclusion (s) among given three conclusions is /are definitely true and t...
In each of the following questions, the relationship between different elements is shown in the statements followed by two conclusions. Find the true c...
Statement: N < O; Q ≤ P = O; S > P; R ≥ O
Conclusion:
I. S > R
II. R ≥ S
Statements:
C < D ≤ Y = S; U > L = T; C < L = O > E
Conclusions:
I). U > E
II). T > Y
...Statements: L > M > Z ≥ S < R = O < N
Conclusion
I. N ≥ L
II. L > S
...Statements: E = Q > R = Y ≤ Z = N; K = Y; L > R
Conclusion: I. N > L II. N ≤ L
Statement: Z > F ≥ O; Z ≤ G = P; Q > F
Conclusion: I. P > O II. Q > G
Which of the following symbols should replace the sign ($) and (*) respectively in the given expression in order to make the expression A ≥ J and P ...
