Start learning →

For later advances by the pawnee, a contract to retain is:

APresumed unless contrary
BNever to be presumed
CNeeded from the court
DValid only in writing
Answer & Solution
Correct answer: A. Presumed unless contrary
Section 174 presumes, unless something indicates otherwise, that the pledge also secures subsequent advances made by the pawnee.
Practise this question with Quill — CA Foundation →

Keep practising Bailment and Pledge

Browse all Bailment and Pledge questions for CA Foundation, or explore more Businesslaw topics.

Start a Bailment and Pledge lesson →
Related questions