1.
A loan given to a minor is
2.
In a partnership firm, which document should a bank examine to determine borrowing authority?
3.
A bank receives a loan application from a company. The object clause in the Memorandum of Association does not include the purpose for which the loan is sought. Such a borrowing would be
4.
In a Hindu Undivided Family (HUF), who has the legal authority to borrow on behalf of the family for family business?
5.
A bank grants a loan to a private limited company. Later, it is discovered that the purpose of the loan was not covered in the company's object clause. The company now refuses to repay. What is the bank's legal position?
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