Multiple choice

Which of the following statements is incorrect?

  1. Any kind of personal property, which is movable and saleable, can be the subject matter of pledge.

  2. Delivery of possession, actual or constructive, is necessary for a pledge.

  3. Any kind of personal property either movable or immovable can be the subject matter of pledge.

  4. None of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

(C) Only movable property can be the subject matter of pledge.

Keep practicing — related questions