Question

Mr. X pledged his gold watch to Mr. Y to secure a loan of Rs. 1 lakh. Mr. Y disposes the watch before he is entitled to do so. Mr. X without having paid or tendered the amount of the loan, sues Mr. Y for possession of the gold watch. Whether Mr. X is entitled to the possession of the gold watch from Mr. Y. Decide your answer with the help of relevant statutory provisions

Answer 1

Explanation:

X pledged his gold watch to Mr. Y to secure a loan of Rs. 1 lakh. Mr. Y disposes the watch before he is entitled to do so. Mr. X without having paid or tendered the amount of the loan, sues Mr. Y for possession of the gold watch. Whether Mr. X is entitled to the possession of the gold watch from Mr. Y. Decide your answer with the help of relevant statutory provisio