A detailed investigation of the company is done in regard to the company affairs while taking a loan from commercial banks.

True

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False

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Solution

The correct option is A
True

True. A detailed investigation of the company is done in regard to the company affairs, financial structure and also for the company’s security of assets. This makes it a bit hard in obtaining funds.

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Similar questions

The Pitt’s India of 1784 contained which of the following provisions:-

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2. All civil and military officers of the East India Company were ordered to provide the Court of Directors, a full inventory of their property in India.

3. Court of Directors were asked to manage political affairs while Board of control to manage commercial affairs.

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Q. State True/False with reasons:
debenture capital is a borrowed capital or Debenture is a Loan Capital of the company.

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In a company, the liability is unlimited to their investment in the company.

Divya Garments Ltd. has a loan of Rs. 10,00,000 to pay. They are short of funds so they are trying to find means to arrange funds. Their manager suggested to claim from insurance company against stock lost due to fire in the ware house. He actually meant that they can put their warehouse on fire and claim from Insurance company against stock insured. They will use the claim money to pay loan.

(a) Will the company receive claim if the surveyer from company comes to know the seal cause of fire?

(b) Which values did company ignore while planning to arrange money from false claim?

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A detailed investigation of the company is done in regard to the company affairs while taking a loan from commercial banks.

The correct option is A True True. A detailed investigation of the company is done in regard to the company affairs, financial structure and also for the company’s security of assets. This makes it a bit hard in obtaining funds.

The correct option is A
True

True. A detailed investigation of the company is done in regard to the company affairs, financial structure and also for the company’s security of assets. This makes it a bit hard in obtaining funds.