Practice free →
HomeCA IntercorporatelawsPledgee Retention Rights › A pawnee (pledgee) is entitled to retain pledged…

A pawnee (pledgee) is entitled to retain pledged goods for:

Answer & Solution
Correct answer: C.
1. Section 173 — pawnee may retain the goods for the debt due, interest on the debt, and necessary expenses for preservation. 2. Extraordinary expenses are recoverable as suit only (Section 175). 3. Hence (B). _Source: ICAI BoS CA Inter Paper 2 — Indian Contract Act 1872_
Solve this in the app — CA Inter practice & 24k+ MCQs →