Pledge.pdf - V"W fers l A “0" in which an owner...

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Unformatted text preview: V' "W ' fers l. A . “0" in which an owner of a tangible personal property trans still whining °Wn¢r8hip of such property is known as a: the property ‘0 anotherpany While (a) bailment (b) pledge (c) hYPOthecation (d) lease 2— An agreement reached between a bailor and a bailee is a ............... . (a) mortgage - (b) “119‘.“ (c) bailment (d) 00‘1“] 3. What types of models are created during pledge? . (a) Functional and behavioral . 0’) 3811??“ . . . (c) Architectm'al and structural (d) Usability and reliability 4.The transfer of the ownership of goods by one person to another for some specific purpose is known as a (a) bailment. (b) hypothecauon. (C) pledge. - (d) none of these. . 5 .The delivery of goods by one person to another for some specific purpose is known as a (a)bailment. (c) hypothecation. (b)pledge. (d) mortgage. 6. Pledge benefit of the bailey is ............ (a) transaction (b) leased (c) evolutionary (d) bailer 7 The delivery of goods by one person to another as a secunty for the repayment of a debt is known as a (a)batlment. (c) pledge. (b)hypothecation. (d) mortgage 8. Under the pledge the person who pledges is known as a (a)bailor. (c) pledgee (b)bailee. (d) pledgor 9. Under the pledge the person who pledges 18 known as a pledgor and the bailee 18 known as a (a) batter (C) pledgee. (b) bailee. 10. ‘X’ delivers his car to 'Y' for repair. It is the case of a (10531? (C) Pledge. (b) ballment‘ ((1) mortgage. M 11.7 Review Questions fl 1. Discuss the purpose 0f pledge? 2. Define a pledge and explain its characteristics. 3. Describe the right and duties of the pawnor and the pawnec. 4. What are the rights of the pledge? 5‘ What are the right and duties of pledge? 5. When the non-owner can create a pledge? 7. Distinguish between a bailment and a pledge, 8. What do you mean by pledge? 9. Why use of pledge is necessary? 10, Advantage of Pawnor and Pawnee? Answers for Self Assessment Questions 1, (a) 2-(8) 3. (d) 4. (c) 5 6. (b) 7- (c) ‘ 8- (a) 9. (a) 169(1),) ...
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