AAFM Exam GLO_CWM_LVL_1 Topic 4 Question 88 Discussion

Actual exam question for AAFM's GLO_CWM_LVL_1 exam

Question #: 88
Topic #: 4

Ramesh living in Kolkata is a trustee for Brijesh living in Mumbai, Ramesh remits trust funds to Brijesh by bills drawn by a person of high creditworthiness in favor of the trustee as such and payable at Mumbai. The bills later got dishonored. Is Ramesh bound to make good the loss?

AYes

BNo

Show Suggested Answer

Suggested Answer: A

by Geraldine at Sep 07, 2024, 03:24 PM

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Jacquline

3 hours ago

Yes, Ramesh should make good the loss because he is the trustee.

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