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      Question

      Which of the following is a 'Charge' created on Movable

      Assets where the possession remains with the borrower?┬а
      A Pledge Correct Answer Incorrect Answer
      B Mortgage Correct Answer Incorrect Answer
      C Hypothecation Correct Answer Incorrect Answer
      D Lien Correct Answer Incorrect Answer
      E Assignment Correct Answer Incorrect Answer

      Solution

      In Hypothecation, the goods remain with the borrower (e.g., car loans or stock-in-trade). In a Pledge, possession is transferred to the lender (e.g., gold loan).

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