Question

Mr. A.K. Singh took a loan from a commercial bank by keeping hypothecation of some assets work Rs 1,00,000, which of the following relationship exists between Mr A.K. Singh and the Commercial Bank?
Answer

A. O Mr.A.K. Singh is hypothecatee and Commercial bank is also hpothecator B. Mr.A.K singh is Hypothecator and Commercial bank is Hypothecatee
C. Mr. A.K Singh is debtor and Commercial bank is creditor
D Mr.A.K. Singh is the Agent and Commercial bank is the Principal​

Answer 1

Answer:

Mr.A.K singh is Hypothecator and Commercial bank is Hypothecatee