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AAFM Chartered Wealth Manager (CWM) Global Examination GLO_CWM_LVL_1 Question # 89 Topic 9 Discussion

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AAFM Chartered Wealth Manager (CWM) Global Examination GLO_CWM_LVL_1 Question # 89 Topic 9 Discussion

GLO_CWM_LVL_1 Exam Topic 9 Question 89 Discussion:
Question #: 89
Topic #: 9

Ramesh living in Kolkata is a trustee for Brijesh living in Mumbai, Ramesh remits trust funds to Brijesh by bills drawn by a person of high creditworthiness in favor of the trustee as such and payable at Mumbai. The bills later got dishonored. Is Ramesh bound to make good the loss?
A.

Yes

B.

No

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Actual exam question for AAFM GLO_CWM_LVL_1 exam by Phoenix7861 at Nov 11, 2025, 11:16:16 AM

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