Match the column

Match List-I with List-II

List I	List II
A. Transfer of ownership	I. Negotiable Instrument
B. Sale of goodwill after dissolution	II. Contract of Sale of Goods
C. Buy back of shares	III. Dissolution of Partnership Firm
D. Promissory Note	IV. Share Capital of Company

Codes

Correct option is A

· A. Transfer of ownership (II): This falls under the Contract of Sale of Goods, as it involves the transfer of ownership from the seller to the buyer as per the Sale of Goods Act, 1930.
· B. Sale of goodwill after dissolution (III): The Dissolution of Partnership Firm involves the settlement of accounts, including the sale of intangible assets like goodwill.
· C. Buy back of shares (IV): Companies repurchasing their shares directly impact the Share Capital of the Company, as per the Companies Act, 2013.
· D. Promissory Note (I): A Negotiable Instrument, under the Negotiable Instruments Act, 1881, is a written promise to pay a specified sum of money.
Information Booster:
· Contract of Sale of Goods: Focuses on the transfer of ownership of goods for consideration.
· Dissolution of Partnership Firm: Partners settle accounts and distribute assets, including goodwill, upon dissolution.
· Buy Back of Shares: Allows companies to reduce the number of outstanding shares to improve financial ratios or enhance shareholder value.
· Promissory Note: A written, unconditional promise by one party to pay a specified amount to another party.