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Law · Q1336

Indian Contract Act

Graduate and Post Graduate · Law · question 1336

Q1336

Pledge under section 172 of Indian Contract Act has been defined as

A.
A licence to take possession of goods
B.
An agreement to give possession of goods
C.
Bailment of goods as a security for payment of a debt or for performance of a promise
Answer
D.
Both A and B

Answer: Option C

Solution

Answer: Option C
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