Question:
A ‘contract of pledge’ is a contract of:
A ‘contract of pledge’ is a contract of:
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Pledge = bailment for security (Sec. 172).
Updated On: Jun 4, 2025
- Indemnity
- Agency
- Guarantee
- Bailment
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The Correct Option is D
Solution and Explanation
A pledge is a special type of bailment under Section 172 of the Indian Contract Act, where goods are delivered as security for a loan.
\[ \boxed{\text{Bailment}} \]
\[ \boxed{\text{Bailment}} \]
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