Legal Aspects of Business MCQ - Legal Aspects of Business Section 2
- 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
- A is not normally an appropriate matter for a writ petition under Article 30 or Article 225 of the Constitution, but it might be exercised in extraordinary circumstances, rarely and sparingly, when no disputed questions of facts arose
- B is not normally an appropriate matter for a writ petition under Article 32 or Article 226 of the Constitution, but it might be exercised in extraordinary circumstances, rarely and sparingly, when no disputed questions of facts arose
- C is not normally an appropriate matter for a writ petition under Article 33 or Article 227 of the Constitution, but it might be exercised in extraordinary circumstances, rarely and sparingly, when no disputed questions of facts arose
- D None of these
