Question
What action must the assignee take upon accepting an
assignment of receivables that serve as security for a loan from a bank or creditor, provided the assignor has given notice of the encumbrance to the assignee as per the Factoring Regulation Act?Solution
Section 7. Assignment of receivables: (3) Any assignment of receivables which constitute security for repayment of any loan advanced by any Bank or other creditor and if the assignor has given notice of such encumbrance to the assignee, then on accepting assignment of such receivable, the assignee shall pay the consideration for such assignment to the Bank or the creditor, as the case may be.
In the following question, out of the given alternatives, choose the best one which expresses the meaning of the given word.
Quell
Select the option that can be used as a one-word substitute for the given group of words.
A system of government in which most of the important d...
Candour
A. The bold realist whose candour , even temerity, was legendary turned out to have been hiding a secret.
B. Their candour is a ve...
Rogue
select the most appropriate option to substitute the bold segment in the given sentence. If there is no need to
substitute it , select ‘ No Sub...
Select the most appropriate option that can substitute the bold word in the given sentence.
Besides generating revenue, tourism brings a break fr...
Select the option that can be used as a one-word substitute for the given group of words.
Something that happens often or that lasts for a ...
Select the most appropriate option to substitute the highlighted segment in the given sentence. If there is no need to substitute it, select ‘No subs...
Unanimously
Choose the word that can substitute the given group of words.
A religions war
