Question

Which of the following asset is hypothecated to the bank
A) House
B) Land
C) Car
D) Property Papers​

Answer 1

Answer:

B is the answer

Explanation:

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Answer 2

Hence, the correct option is B) Land

The term 'hypothecation' is used to define a charge formed on any movable asset by the owner, to raise funds from the bank, without transferring the ownership and possession to the lender. In this agreement, the borrower (owner) of goods borrows money against the security of assets, i.e. inventories.