Q.

Pari Passu charge refers to a charge

A. ranking in priority, regardless of quantum of advances
B. merely notional in nature
C. ranking equally in priority in proportion to the lender’s share of advance
D. none of these
Answer» C. ranking equally in priority in proportion to the lender’s share of advance
3.3k
0
Do you find this helpful?
24

View all MCQs in

Banking Services Management (BSM)

Discussion

No comments yet

Related MCQs