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Section 178, of the Contract Act 1872 deals with______________?

Correct answer: B. Pledge by mercantile agent

  • A. Pledge by Trust agent
  • B. Pledge by mercantile agent
  • C. Pledge by international agent
  • D. None of above

Explanation

Section 178 deals with a mercantile agent’s authority to pledge goods in specified circumstances. A mercantile agent is entrusted with possession of goods or documents of title in the ordinary course of business.

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