Question
Mr. Arvind drew a bill of exchange of ₹1,00,000
payable after 3 months on Mr. Rohit, who accepted the bill. Before maturity, Mr. Arvind endorsed the bill to Mr. Suresh. On the due date, Mr. Rohit defaulted. Who is primarily liable now?Solution
The acceptor of a bill (Mr. Rohit) is primarily liable to pay on the due date. Endorsement transfers the right to receive payment, not the liability to pay unless the endorser guaranteed it (which is secondary).
In 2021, his company will launch a vehicel that is capable of servicing two to three dozen satellites in a distant geostationary orbit.
- In the sentence given below four words have been printed in bold which are labeled as (A), (B), (C) and (D) One of these words may be misspelt or inappropr...
1) comitment
2) adwerse
3) demolish
4) metior
- The following sentence contains a word with a spelling error. Rectify the sentence by selecting the correct spelling of the identified word from the given ...
Select the appropriate answer.
- Select the INCORRECTLY spelt word.
There are concerns that the introduction of GM genes into non-target speceis could have negative consequences for both human and environmental health.<...
If the domestic opposition to trade deals from different stakeholders is to be addressed , government needs a coherent policy that enhances their compet...
- In each of the questions below, a sentence is given with four words highlighted in bold in the sentence. Among these bold words, one may be wrongly spelt. ...
Choose the correctly spelt word.
