Q). A person to whom all the properties of another person given as gift is called as
A) Onerous Donee
B) Universal Donee
C) Conditional Donee
D) Discretionary Beneficiary
Q). A relationship of Principal and Agent may arise by
A) Operation of Law
B) Express Agreement
C) Implied Agreement
D) All of the above
Q). Which one of the following is not a title to goods?
A) Bill of Loading
B) Demand draft
C) Wharfingers certificate
D) Doc Warrant
Q). Which one of the following is not a Negotiable Instrument?
A) Cheque
B) Bill of Exchange
C) Currency Note
D) Promissory Note
Q). The Parties involved in Promissory Note are
A) Bailor and Bailee
B) Pledger and pleadgee
C) Maker and Payee
D) Donor and Donee