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Law · Q382

Indian Contract Act

Graduate and Post Graduate · Law · question 382

Q382

If the pawner makes a default in payment of debt, at the stipulated time

A.
The pawnee has a right to sell the goods pledged without notice to the pawner
B.
The pawnee has a right to sell the goods pledged after giving a reasonable notice of sale to the pawner
Answer
C.
Has no right to sell the goods pledged but has a right to retain the goods as collateral security for the debt
D.
Neither has a right to sell the goods nor retain the goods as collateral security but has a right to sue for pawner upon the debt

Answer: Option B

Solution

Answer: Option B
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