Q. Which one of the following statements correctly describes the meaning of legal tender money ?

[A] The money which is tendered in courts of law to defray the fee of legal cases

[B] The money which a creditor is under compulsion to accept in settlement of his claims

[C] The bank money in the form of cheques drafts, bills of exchange, etc.

[D] The metallic money in circulation in a country

Answer: B
Notes:
Blog
Academy
Community