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    5. The bailment of goods as security for payment of debt or performance of a promise is called:

    Question

    The bailment of goods as security for payment of debt or

    performance of a promise is called:
    A Special Ballment Correct Answer Incorrect Answer
    B Pledge Correct Answer Incorrect Answer
    C Pledge by Trust agent Correct Answer Incorrect Answer
    D Demat Correct Answer Incorrect Answer
    E Both A and B Correct Answer Incorrect Answer

    Solution

    The correct answer is B

    Practice Next
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    Relevant for Exams:

    • Bank of Maharashtra Scale 2/3 (Generalist Officer)
    • Bank of Maharashtra Generalist Officer

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