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Pawnee has the right to retain the goods pledge for the:
1. payment of the debt for which the goods were pledged.
2. payment of subsequent debt.
3. payment of subsequent debt if there is a contract to that effect.
4. interest on the debt and expenses for preservation of pledged goods.
Select the correct answer using the given below:

Pawnee has the right to retain the goods pledge for the:
1. payment of the debt for which the goods were pledged.
2. payment of subsequent debt.
3. payment of subsequent debt if there is a contract to that effect.
4. interest on the debt and expenses for preservation of pledged goods.
Select the correct answer using the given below: Correct Answer 1, 3 and 4

Related Questions

When the pawnor has obtained possession of the goods pledged by him 1872, National Textile Corporation Ltd. under a contract voidable u/s 19 or 19A is of the Contract Act and if the contract is not rescinded at the time of pledge, the pawnee acquires . . . . . . . .
The pawnee has a right to retain the goods pledged:
Priya and khushi invested Rs.3000 together. Priya invested her amount at compound interest for ‘x/10’ years at x% rate interest and khushi invested half of her amount at compound interest and remaining half at simple interest at the same rate of interest for the same time period. [It is given that ‘x/10’ is a natural number] What is the value of ‘x’? Statement I: Ratio of investment of priya and khushi is 1 : 2 respectively and total sum received by them together after a particular time at x% rate of interest is Rs. 4280. Statement II: Simple interest received by khushi is Rs. 40 less than compound interest received by her. Statement III: Sum of simple interest and compound interest received by khushi after a certain time at x% rate of interest is Rs. 2500 Which of the above statement is redundant to find the answer of the given question?
Given below are three quantities named 1, 2 and 3. Based on the given information, you have to determine the relationship between the three quantities. You should use the given data and knowledge of Mathematics to choose between the possible answer. Quantity 1: An automobile financier claims to be lending money at simple interest, but he includes the interest every six months for calculating the principal. If he is charging an interest of 10%, the effective rate of interest becomes. Quantity 2: A sum of Rs. 725 is lent at the beginning of a year at a certain rate of interest. After 8 months, a sum of Rs. 362.50 more is lent but at the rate twice the former. At the end of the year, Rs. 33.50 is earned as interest from both the loans. What was the original rate of interest? Quantity 3: The difference between the compound interest and the simple interest on an amount of 15000 for 2 years is Rs. 96. What is the rate of interest per annum?
The question below is followed by statements I, II, and III. You have to determine whether the data given in the statement is sufficient for answering the question. You should use the data and your knowledge of Mathematics to choose the best possible answer. The difference between the compound interest and simple interest on a certain sum at a certain rate of interest per annum for two years is 204.20. What is the amount received on the sum of compound interest at the same rate of interest at the end of three years. I. The difference between the compound interest and the simple interest on the sum for three years is 804.258. II. The sum becomes Rs. 14528 at the end of one year. III. The compound interest on the sum for two years is 7% more than the simple interest on the sum for two years.
A contract is said to be discharged by rescission: A. When terms of a contract are altered B. When a party makes novation of a contract C. When an aggrieved party exercises his option to avoid the contract D. When a party to a contract waives his rights under the contract E. Where none of the parties has performed its part for a long time and no other party has objected against it Choose the correct answer from the options given below:
The cash flow approach to assessing debt capacity involves the following steps; arrange these steps in a correct sequence: (A) Specify the tolerance limit on the probability of default. (B) Estimate the probability distribution of cash flows, taking into account the projected performance of the firm. (C) Calculate the fixed charges by way of interest payment and principal repayment associated with various levels of debt. (D) Estimate the debt capacity of the firm as the highest level of debt which is acceptable. Choose the correct answer from the options given below:
Each of the question below consists of a question and three statements number I, II and III given below it. You have to decide whether the data provided in the statement are sufficient to answer the question. What is the rate of interest? I. Sum A becomes double in 4 years when invested at a certain rate interest per annum. (Consider simple interest) II. Mamta invests Rs. 5000 for t years and sajan invests Rs 3000 for T years at same rate of interest. Ratio of interest earned is 4 : 7. (Consider simple interest) III. Sum S becomes quadruple when invested in compound interest for 2 years at a certain rate of interest per annum.
Which of the following statements are correct?
1. In tort, the duties are imposed by law whereas in contract, duties are undertaken by the parties themselves.
2. In tort, the duty is towards the world at large but in contract, the duty is towards specific individual or individuals.
3. In tort, damages are liquidated but in contract, the damages are unliquidated.
4. In tort, a person may be liable for the wrongs committed by others also but in contract, the liability governs the parties to the contract only.
Select the correct answer using the given below:
The traveling incurs two expenses one is constant and other is depends upon number of travelers. When there are 30 travelers, total expenses is Rs. 46000. When there are 12 travelers, then expenses is Rs. 19000. Find the expenses for 5 travelers.