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    Question

    For the purposes of Section 141 of Negotiable

    instruments Act. 1881. 'Company' doesn't mean:
    A Body Corporate Correct Answer Incorrect Answer
    B Firm Correct Answer Incorrect Answer
    C Group of individuals Correct Answer Incorrect Answer
    D Association of individuals Correct Answer Incorrect Answer

    Solution

    Section 141 deals with Offences by companies (a) “company” means any body corporate and includes a firm or other association of individuals; and (b) “director”, in relation to a firm, means a partner in the firm.

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