Question

A pawnee can exercise the right of retainer ___________

A For payment of the debt Correct Answer Incorrect Answer
B For the performance of the promise Correct Answer Incorrect Answer
C For the interest of the debt, and all necessary expenses incurred by him Correct Answer Incorrect Answer
D Either a or b & c Correct Answer Incorrect Answer

Solution

Contract Act Section 173 Pawnee’s right of retainer—The pawnee may retain the goods pledged, not only for payment of the debt or the performance of the promise, but for the interest of the debt, and all necessary expenses incurred by him in respect of the possession or for the preservation of the goods pledged.

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