Business Studies, asked by sheetalsharma7428, 3 months ago

The delivery of goods by one person to another as security for the payment of a debt is called:​

Answers

Answered by lavairis504qjio
7

Answer:

Transfer of goods from one person to another for a specific purpose is known as the bailment. Transfer of goods from one person to another as security for repayment of debt is known as the pledge. It is defined under section 148 of the Indian Contract Act, 1872.

Answered by ItzGarenafreefire2
5

Answer:

HEY MATE !!

HERE IS UR ANS ⤵️⤵️

The delivery of goods by one person to another as security for the payment of a debt is called pledge.

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