Pledge and Bailment

Indian Contract Act (ICA)1872

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Where a person pledges goods in which he has only a limited interest, the pledge is:

Invalid to the extent of that interest

Entire contract is invalid

Valid to the extent of that interest

Entire contract is valid

Explanation:

Section 179 of the Contract Act –
179. Pledge where pawnor has only a limited interest. Where person pledges goods in which he has only a limited interest, the pledge is valid to the extent of that interest.

By: santosh

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