Question
Which of the following best describes a charge created
by a borrower in favor of a secured lender upon any movable property, existing or future, without delivery of possession of the movable property to the lender? ÂSolution
Hypothecation is a financial arrangement where a borrower pledges an asset as collateral for a loan, while retaining possession of the asset. The lender has the right to seize and sell the asset if the borrower defaults on the loan  Hypothecation is commonly used in cases like vehicle loans . For example, when a borrower takes out a car loan, the borrower pledges the car as collateral to the bank. The bank keeps the car as security until the loan is paid off. The borrower retains physical possession of the car, but the bank technically "holds" it . Â
Any person interested in a contract may sue to have it rescinded, and such rescission may be adjudged by the court in which of the following cases?
In which case it was held that Specific Relief Act is not an Exhaustive Law?
As per the Specific Relief Act what is the time period within which a suit filed under the Act shall be disposed of by the court?
When a witness is cross-examined, he may be asked questions which tend:
When principal may revoke agent's authority as per the Contract Act?
In order to apply the doctrine of Res-Judicata, which of the following is “former suit”?
Which of the following is not a requirement for trademark registration in India?
The liability of the Universal done is:
As per Section 2(ll) of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 superannuation in relation to an employee, who is the me...
Period of appearance for proclamation issued under Section 82 of Cr.P.C is not less than
Relevant for Exams:
