šŸ“¢ Too many exams? Don’t know which one suits you best? Book Your Free Expert šŸ‘‰ call Now!


    ⚔ Month End Offer - Flat 52% Off On All Courses! Enroll Now ⚔
    00:00:00 AM Left

    Question

    According to the Insolvency and Bankruptcy Code, which

    of the following is not considered afinancial creditor?
    A A person to whom a financial debt is owed Correct Answer Incorrect Answer
    B A person to whom a financial debt has been legally assigned or transferred Correct Answer Incorrect Answer
    C A person who provides goods or services on credit terms Correct Answer Incorrect Answer
    D A person who has purchased a debt instrument from another creditor Correct Answer Incorrect Answer
    E A bank that has provided a loan to a company Correct Answer Incorrect Answer

    Solution

    Section 5-Definitions: (7) ā€œfinancial creditorā€ means any person to whom a financial debt is owed and includes a person to whom such debt has been legally assigned or transferred to.

    Practice Next
    ask-question