Direction: Each question consists of a set of numbered statements. Assume that each one of these statements is individually true. Each of the four choices consists of a subset of these statements. Choose the subset as your answer where the statements therein are logically consistent among themselves:
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Look at the sentences given below
(i) If the contract is valid, then X is liable.
(ii) If X is liable, he will be bankrupt.
(iii) If the bank loans him money, he will not go bankrupt.
Select the statement that is consistent with the above statements
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- The contract is valid and the bank will loan him money.
- The contract is valid and the bank will not loan him money.
- The contract is not valid and he will go bankrupt.
- The contract is not valid and he is liable.
Correct Option: B
From first two statements we can conclude: 'if the contract is valid then X would be bankrupt.' Statement 3 is 'If he goes bankrupt, then the bank will not loan him the money.' From above two statements, we have: If the contract is valid, then the bank will not loan him the money. This is reflected in option B.
