Can I read Understanding Pledge in Indian Law on EtoBox?
Understanding Pledge in Indian Law by Ankit Kumar is a document available to read on EtoBox.
What is Understanding Pledge in Indian Law about?
A pledge is a type of bailment where movable property is delivered to a pledgee as security for a debt or obligation. There must be delivery of possession of the movable property to the pledgee, which can be actual or constructive delivery. Only the true owner of movable property or someone authorized by the owner can make a valid pledge. However, there are some exceptions where someone without authorization, like a mercantile agent or someone in possession under a voidable contract, can make a valid pledge
- Author
- Ankit Kumar
- Language
- EN