A partner of a trading or non trading firm signs a Negotiable instrument liability incurs in ______.
A
the name of the firm.
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B
in the name of partner.
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C
both a & b.
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D
none of the above.
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Solution
The correct option is A the name of the firm. A partner of a trading or non trading firm signs a Negotiable instrument liability incurs in the name of the firm. When a maker or holder of the negotiable instrument signs a document, it should be signed in the name of the firm. Signing negotiable instrument in the name of the partners is not valid.