Question : Which of the following statements is true?
Option 1: A debenture is a document given by a company as evidence of a debt to the holder usually arising out of a loan
Option 2: Most commonly secured by a charge
Option 3: Both 1 and 2
Option 4: None of these
Correct Answer: Both 1 and 2
Solution : Answer = Both 1 and 2
A debenture is a document acknowledging a company's debt to the holder, often from a loan, and is commonly secured by a charge on the company's assets. Therefore, Both 1 and 2 is correct as it accurately reflects these characteristics of debentures. Hence, the correct option is 3.
Question : Which of the following statements is false?
Question :
Which of the following statements is true?
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