Question
A company assigned receivables to a factor. Debtor was not informed and later paid directly to the seller. The factor approaches the bank for recovery support. What is the legal flaw?
More Previous year papers Questions
- Which of the following statements is not the advantage of Management by Objectives (MBOs)?
- A borrower takes ₹1.10 lakh micro loan for tailoring business. His household income is ₹3.6 lakh per annum and loan is unsecured. The bank is checking wh...
- Which of the following is an example of an error of commission?
- A corporate borrower has an NPA loan of ₹12 lakh overdue for 45 days. Can the bank initiate SARFAESI?
- In cost accounting, the key factor that determines whether a cost is direct or indirect is ____
- As per RBI guidelines, if an account holder fails to nominate anyone in a bank account, upon death, what is the default legal process?
- The introduction of the Standing Deposit Facility (SDF) by the RBI marked a shift from ________ liquidity absorption to a _________ mechanism.
- As per RBI guidelines, to qualify as a microfinance loan, the annual household income in rural areas should not exceed:
- In the life cycle of a project under project finance, at the end of which stage are scope stability, resource mobilization, and detailed work schedules def...
- As per the Income Tax Act in India, who is considered as the head of a Hindu Undivided Family (HUF)?
Relevant for Exams:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
