Question
Which of the following is not true? Admissions:
Solution
Admission is not conclusive proof of the fact admitted as it is a piece of prima facia evidence only. But it may operate as an estoppel. S. 31 of the Indian Evidence Act says that admissions are not conclusive proof of the matter admitted, but it may operate as an estoppel The Supreme Court in Banarasi Das vs. Kanshi Ram, 1963 said, ‘it is a weak type of evidence, and the court may reject it if the contrary is proved.’
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A portfolio to the right of the market portfolio on the Capital Market Line is:
Which of the following is not a money market instrument?
