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.
Last updated
About Civil Law
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.
Practise Civil Law
912 free Civil Law MCQs from Law and Constitution, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Exams that ask Law and Constitution questions like this
Law and Constitution is on 2 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
Related questions
A, a warehouse-keeper, is charged with the delivery of certain goods to Z, which B takes out the possession, A may ?
A agrees to buy from B a certain horse. It turns out that the horse was dead at the time of the bargain though neither party was aware of the fact the agreement is______________?
A book in which Appellate Court register appeal is called __________________?
A cause of action in a civil suit consists of the material facts that:
A caveat filed under civil procedure generally gives a person the right to: