L A of Busi. Sec. Q83

0. The application of the principles in Section 45 of the Indian Contract Act, 1872 may be excluded by statutes, especially those relating to securities, which provides that:

A
securities payable to one or more persons jointly shall, on the death of any of them, be payable to the survivor or survivors
B
securities payable to one or more persons severally shall be payable on the death of any of them to any of the survivors or the legal representative(s) of the deceased holder
C
any one or more joint holder can give an effectual receipt for interest unless notice is given by the other holders to the promisor
D
all of them

Answer
Comment
Array

Option : D
Explanation :

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