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      Question

      For the purpose of Section 141 of Negotiable Instrument

      Act, a company does not mean or include
      A A body corporate Correct Answer Incorrect Answer
      B A firm Correct Answer Incorrect Answer
      C A proprietary concern Correct Answer Incorrect Answer
      D Association of individuals Correct Answer Incorrect Answer

      Solution

      Under Section 141- For the purposes of this section, тАФ (a) тАЬcompanyтАЭ means any body corporate and includes a firm or other association of┬а individuals; and (b) тАЬdirectorтАЭ, in relation to a firm, means a partner in the firm.

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