Q385
What is a pledge?
A.
The bailment of goods as security for payment of a debt or performance of a promise
AnswerB.
The delivery of goods by one person to another for some purpose, upon a contract that they shall, when the purpose is accomplished, be returned or otherwise disposed of according to the direction of the person delivering them
C.
A contract by which one party promises to save the other from loss caused to him by the contract of the promisor himself, or by the conduct of any other person
D.
A contract to do or not to do something, if some event, collateral to such contract, does or does not happen
Answer: Option A
Solution
Answer: Option A
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