MCQOPTIONS
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| 1. |
Negative lien means - |
| A. | a declaration by a company not to encumber assets of the company without previous consent of banker |
| B. | deposit of title deeds with the bank with an oral declaration to mark bank's lien |
| C. | a lien letter execut |
| D. | by the company authorising the bank to mark lien on its fixed deposit receipt |
| Answer» B. deposit of title deeds with the bank with an oral declaration to mark bank's lien | |