Multiple choice

In a pledge, ownership of property or goods

  1. remains with the pledger

  2. is transferred to the pledgee

  3. cannot be transferred to the pledgee under any circumstances

  4. Both (1) and (3)

  5. None of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Option (1) is correct: In a pledge, ownership of property or goods remains with the pledger. Option (2) is incorrect: Never transferred to the pledgee Option (3) is incorrect: It cannot be transferred to the pledgee under any circumstances.

Keep practicing — related questions