Question:

Which of the following is correct according to the Indian Contract Act, 1872?

Updated On: Aug 5, 2024

Pledge made by a person having a limited interest is valid to the extent of that interest
Pledge made by a person under voidable contract is valid
Pledge made by a mercantile agent is valid
Goods may be pledge by the servant in the absence of owner

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The Correct Option is A

Solution and Explanation

The correct option is (A): Pledge made by a person having a limited interest is valid to the extent of that interest.

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