The term "Pledge" means________________?
Correct answer: A. A thing which is given as security
- A. A thing which is given as security
- B. A thing which is saled out
- C. Both A and B
- D. None of above
Explanation
A pledge is a bailment of goods as security for a debt or performance of a promise, so the security element identifies option a. Unlike a sale, ownership is not transferred merely because goods are pledged.
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Civil law governs disputes involving private rights, including contracts, property, family relations, torts and compensation. The subject explains breach of duty, civil liability, damages, specific relief, injunctions and other remedies, while distinguishing private claims between individuals from criminal proceedings brought to punish offences against the state.
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