Question

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

Answer 1

Answer:

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Explanation:

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Answer 2

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.

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