Examlex
Which of the following persons cannot be a non-executive director of a company?
Auction
A public sale in which goods or property are sold to the highest bidder.
Under Seal
Indicates a document that has been formally executed with a wax or paper seal, signifying its authenticity and importance.
Contract
A legally binding agreement between two or more parties that outlines obligations and rights of those parties.
Recognizance
An obligation in which a party acknowledges in court that he or she will perform some specified act and/or pay a price on failure to do so.
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