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.
Statements:
Some medals are sports.
All the sports are games.
Conclusions:
I. Some medals are games.
II. No sport is medal
In the questions given below, there are three statements followed by three conclusions I, II and III. You have to take the three given statements to be...
In the question below some statements are given followed by three conclusions I, II, and III. You have to take the given statements to be true even if ...
In the question below consists of three statements followed by five conclusions. Assume the given statements to be true even if they seem to be at vari...
In the following question below are given some statements followed by some conclusions based on those statements. Taking the given statements to be tru...
Statements-:
Some A are B
No B are C
All C are D
Conclusions :-
I. Some A are not B.
II. No A are C.
...In the question below some statements are given followed by three conclusions I, II, and III. You have to take the given statements to be true even if ...
In the question below, there are two conclusions followed by three statements in the options. You have to take the three given statements to be true ev...
given in the statements is true, even if it appears to be at variance with commonly known facts, decide which of the given conclusions logically follow...
Statements:All circles are rectangles.
No rectangle is a square.
Conclusions:I. No square is a rectangle.
II. Some rectangles are...
