Mr. A.K. Singh took a loan from a commercial bank by keeping hypothecation of some assets work Rs 1,00,000, which of the following relationship exists between Mr A.K. Singh and the Commercial Bank?
Answer
A. O Mr.A.K. Singh is hypothecatee and
Commercial bank is also hpothecator
B. O Mr.A.K singh is Hypothecator and Commercial bank is Hypothecatee
C. Mr. A.K Singh is debtor and
Commercial bank is creditor
d) Mr.A.K. Singh is the Agent and Commercial bank is the Principal
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Answer:
commercial bank by keeping some assets work Rs 1,00,000,
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