The First Bank in India to Start Factoring Business Is

question 30

Multiple Choice

The first bank in India to start factoring business is

• A)Canara bank
• B)SBI
• C)Punjab National Bank
• D)Allahabad Bank.

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Definitions:

Contract Term

A specific duration or period during which an agreement is effective and enforceable by law.

Mistake

An error in understanding or judgment that can affect the terms or validity of a contract.

Economic Duress

involves the use of unlawful economic pressure to compel a party to act against their will in entering into a contract, impacting the agreement's voluntariness.

Coercive Acts

Laws or measures taken to force someone to comply with certain rules or regulations, often seen in historical contexts like the British legislation before the American Revolution.