About this document
Understanding Pledge: Key Concepts by Komal Sandhu is a document available to read on EtoBox.
The document discusses the subject matter of pledge under Indian law. It defines pledge as the bailment of goods as security for payment of a debt or performance of a promise. The essential elements of a valid pledge are delivery of possession of goods pursuant to a contract and for the purpose of securing payment of a debt or performance of a promise. Certain types of property like money cannot be pledged. The rights and duties of pawners and pawnees are also outlined.
- Author
- Komal Sandhu
- Language
- EN