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Which of the following statements is incorrect about the Deferred payment guarantee?a)In a Deferred payment guarantee, the buyer of the goods pays the full price of the goods in installments over some timeb)The buyer pays the installment amounts as and when he has sufficient funds with himc)The third party, i.e., bank or any other financial institution guarantees the payment of installmentsd)If the installment is not paid on time, the guarantor would have to pay the sameCorrect answer is option 'B'. Can you explain this answer? for Bank Exams 2025 is part of Bank Exams preparation. The Question and answers have been prepared according to the Bank Exams exam syllabus. Information about Which of the following statements is incorrect about the Deferred payment guarantee?a)In a Deferred payment guarantee, the buyer of the goods pays the full price of the goods in installments over some timeb)The buyer pays the installment amounts as and when he has sufficient funds with himc)The third party, i.e., bank or any other financial institution guarantees the payment of installmentsd)If the installment is not paid on time, the guarantor would have to pay the sameCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Bank Exams 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following statements is incorrect about the Deferred payment guarantee?a)In a Deferred payment guarantee, the buyer of the goods pays the full price of the goods in installments over some timeb)The buyer pays the installment amounts as and when he has sufficient funds with himc)The third party, i.e., bank or any other financial institution guarantees the payment of installmentsd)If the installment is not paid on time, the guarantor would have to pay the sameCorrect answer is option 'B'. Can you explain this answer?.

Solutions for Which of the following statements is incorrect about the Deferred payment guarantee?a)In a Deferred payment guarantee, the buyer of the goods pays the full price of the goods in installments over some timeb)The buyer pays the installment amounts as and when he has sufficient funds with himc)The third party, i.e., bank or any other financial institution guarantees the payment of installmentsd)If the installment is not paid on time, the guarantor would have to pay the sameCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Bank Exams. Download more important topics, notes, lectures and mock test series for Bank Exams Exam by signing up for free.

Here you can find the meaning of Which of the following statements is incorrect about the Deferred payment guarantee?a)In a Deferred payment guarantee, the buyer of the goods pays the full price of the goods in installments over some timeb)The buyer pays the installment amounts as and when he has sufficient funds with himc)The third party, i.e., bank or any other financial institution guarantees the payment of installmentsd)If the installment is not paid on time, the guarantor would have to pay the sameCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Which of the following statements is incorrect about the Deferred payment guarantee?a)In a Deferred payment guarantee, the buyer of the goods pays the full price of the goods in installments over some timeb)The buyer pays the installment amounts as and when he has sufficient funds with himc)The third party, i.e., bank or any other financial institution guarantees the payment of installmentsd)If the installment is not paid on time, the guarantor would have to pay the sameCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for Which of the following statements is incorrect about the Deferred payment guarantee?a)In a Deferred payment guarantee, the buyer of the goods pays the full price of the goods in installments over some timeb)The buyer pays the installment amounts as and when he has sufficient funds with himc)The third party, i.e., bank or any other financial institution guarantees the payment of installmentsd)If the installment is not paid on time, the guarantor would have to pay the sameCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of Which of the following statements is incorrect about the Deferred payment guarantee?a)In a Deferred payment guarantee, the buyer of the goods pays the full price of the goods in installments over some timeb)The buyer pays the installment amounts as and when he has sufficient funds with himc)The third party, i.e., bank or any other financial institution guarantees the payment of installmentsd)If the installment is not paid on time, the guarantor would have to pay the sameCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Which of the following statements is incorrect about the Deferred payment guarantee?a)In a Deferred payment guarantee, the buyer of the goods pays the full price of the goods in installments over some timeb)The buyer pays the installment amounts as and when he has sufficient funds with himc)The third party, i.e., bank or any other financial institution guarantees the payment of installmentsd)If the installment is not paid on time, the guarantor would have to pay the sameCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice Bank Exams tests.