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Under Section 177, after default the pawnor's right to redeem the pledged goods:
AIs lost immediately on default
BExists only with the pawnee's consent
CContinues at any time before the actual sale of the goods, on paying the debt plus expenses caused by the default
DLasts for thirty days only
Answer & Solution
Correct answer: C. Continues at any time before the actual sale of the goods, on paying the debt plus expenses caused by the default
Section 177 preserves the pawnor's right of redemption until the actual sale, provided he also pays any expenses arising from his default.
Related questions
Under Section 178A, where the pawnor obtained the goods under a contract voidable for frauUnder Section 176, if the pawnor defaults, the pawnee may sue on the debt and retain the gUnder Section 172, a pledge is the bailment of goods as security for:Which statement about general versus particular lien is correct?The right of general lien under Section 171 is available to:A particular lien under Section 170 entitles the bailee to:Under Section 169, a finder of a thing commonly sold may sell it (where the owner cannot bRegarding a finder of lost goods under Section 168, the finder: