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Question
Which of the following is not a characteristic of Bearer Debentures?
Options
They are treated as negotiable instruments.
Their transfer requires a deed of transfer.
They are transferable by mere delivery.
The interest on it is paid to the holder irrespective of identity.
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Solution
Their transfer requires a deed of transfer.
Explanation:
Transferring bearer debentures does not necessitate the use of a deed of transfer. These debentures can be transferred simply by delivering them.
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