Comment on the following: In case of pledge, possession remains with the borrower.
CS Professional · Banking - Law and Practice · PYQS · December 2016
Comment on the following: In case of pledge, possession remains with the borrower.
Answer & Explanation:
This statement is False . Pledge can be created only in the case of existing goods (and not on future goods) which are in the possession of the pledger himself. It is for the physical presence of goods pledged.
Topics: Banking Concepts
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