Multiple choice

ABC Limited, a company, has gone in liquidation and Mr. X is appointed as liquidator. He has opened a bank account. He sends a letter to the bank that he has to go abroad for 2 months and in his absence, the account will be operated by his Secretary.

  1. Bank will not accept such request.

  2. Bank will ask for specimen signature of Secretary and allow the operations.

  3. Being a special circumstance, the account will be allowed to be operated by taking usual safeguards.

  4. None of the above
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A Correct answer
Explanation

Correct Answer: Bank will not accept such request.

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