Question

    Who is willful defaulter?

    A Borrower Correct Answer Incorrect Answer
    B Lender Correct Answer Incorrect Answer
    C Mediator Correct Answer Incorrect Answer
    D Supplier Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    A wilful defaulter is a borrower who has the ability to repay the bank but wouldn’t so deliberately. Here, the intent to pay back the money to the lender is absent.

    Practice Next

    Relevant for Exams:

    ×
    ×