CS Professional · Drafting, Pleadings and Appearances · Types of Documents
Asha Industries Ltd executes a document that is intended to create, transfer or extinguish a legal right in a property, such as a conveyance. Another document, a board minute book, only records what happened at a meeting. Classifying documents by their legal effect, which pair is correctly matched?
The conveyance is an instrument and the minute book is a record. A conveyance itself creates or transfers rights in property, whereas minutes only record what happened at a meeting and do not create rights independently.
- AConveyance is an instrument, while the minute book is a recordCorrect
- BConveyance is a record, while the minute book is an instrument
- CBoth are instruments
- DBoth are records
Explanation
Documents that create, transfer, limit, extinguish or record rights are generally called instruments. Documents that merely record events or facts, like minutes, are records of what occurred and do not create rights by themselves. Hence the conveyance is an instrument and the minute book is a record.
Did you get it right without looking?
One question tells you little. A timed set on Types of Documents shows your real accuracy, how long you take and where you lose marks.
More Types of Documents questions
- A deed of assignment executed by Mahesh Corporation says: 'The assignor assigns all rights in the Pune premises.' A later clause says: 'This…
- A deed of assignment executed by Arun Sethi on 10 May was attested by one witness on 10 May and by a second witness on 12 May, who had not s…
- Neha, a company secretary, prepares a document that will be executed by one person only, such as a power of attorney, and a separate documen…
- Arjun executes a deed of sale of his flat in Pune to Neha. The deed is signed, stamped and presented for registration, and the Sub-Registrar…
- Meera Traders sells goods to Kiran Foods and issues a written invoice. The invoice is a private record made by Meera Traders and was not cre…
- Ramesh Iyer, a resident of Chennai, signs a sale agreement in the presence of two friends who also sign as witnesses at his request. Later, …