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Bill of Exchange(BOE)

Common seal i...

Question

Common seal is the emblem or signature of a company.

A

True

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B

False

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Solution

The correct option is A True
Company being an artificial person does not have a physical presence, it acts through its Board of Directors for carrying out its activities and for entering into various agreements. Therefore, Company uses Common Seal as its Signature.

Common Seal is the signature of the company to any document on which it is affixed and binds the company for all obligations undertaken in the document

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