A loan to a company under the company s seal is - WAEC Accounting 2016 Question

Some common uses of company seals include:

– Company resolutions
– Important Contracts and Deeds
– Property transfer (landed in most cases) and execution of land contracts.
– Execution of loan documents, mortgages, and guarantees.
– Occasions where a document will be utilized outside the country.

In this case a loan to a company under the company seal is a mortgage