the delivery of goods by one person to as security for the payment of a debt is called,;
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- 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.
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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,
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