L.L.M (Master Of Laws) PU-CET P.G 2017 Panjab University Entrance Exam With Answers

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49.

Which of the following statement is correct with respect to Bailment and Pledge

A: In bailment and pledge, the bailor and pawnor has the right to sell the goods
B: Bailment is defined under Section 149 of Contract Act whereas Pledge is defined under Section 170 of Contract Act
C: In bailment and pledge, there is change of possession
D: The party who delivers the goods is known as bailee/pawnee and to whom the goods are delivered is known as bailor/pawnor

The answer is: C

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