Assertion (A): Bank can set off a trust account against trustee’s personal loan.
Reason (R): Capacity of the account holder is different.
ABoth false
BA false, R true
CBoth true
DA true, R false
Assertion (A): Bank can set off a trust account against trustee’s personal loan.
Reason (R): Capacity of the account holder is different.
ABoth false
BA false, R true
CBoth true
DA true, R false
Related Questions:
1.Clayton’s Rule is based on the principle of “first in, first out.”
2.Clayton’s Rule mainly applies to savings bank accounts.
Which of the statements given above is/are correct?