New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    A, residing in Calcutta, is agent for Z, residing at

    Delhi. There is an express or implied contract between A and Z, that all sums remitted by Z to A shall be invested by A, according to Z's direction. Z remits a lakh of rupees to A, with directions to A to invest the same in Company's paper. A dishonestly disobeys the directions and employs the money in his own business. A has committed ____________?
    A criminal misappropriation of property. Correct Answer Incorrect Answer
    B criminal breach of trust Correct Answer Incorrect Answer
    C fraud Correct Answer Incorrect Answer
    D cheating Correct Answer Incorrect Answer
    E cheating by dishonestly delivering property. Correct Answer Incorrect Answer

    Solution

    S. 405. Criminal Breach of Trust.Illustration-(c) A, residing in Calcutta, is agent for Z, residing at Delhi. There is an express or implied contract between A and Z, that all sums remitted by Z to A shall be invested by A, according to Z's direction. Z remits a lakh of rupees to A, with directions to A to invest the same in Company's paper. A dishonestly disobeys the directions and employs the money in his own business. A has committed criminal breach of trust.

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