Question
Legal Studies Question on Laws of Contract
Which of the following is correct according to the Indian Contract Act, 1872?
A
Pledge made by a person having a limited interest is valid to the extent of that interest
B
Pledge made by a person under voidable contract is valid
C
Pledge made by a mercantile agent is valid
D
Goods may be pledge by the servant in the absence of owner
Answer
Pledge made by a person having a limited interest is valid to the extent of that interest
Explanation
Solution
The correct option is (A): Pledge made by a person having a limited interest is valid to the extent of that interest.