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  • Which of the is right of Pawnor?Option: 1 <span sty

Which of the is right of Pawnor?

Option: 1

Right to get back the goods pledged


Option: 2

Right to increase or profit


Option: 3

Right to compensation


Option: 4

All the above


Answers (1)

best_answer

1)Right to get back the goods pledged :

According to Sections 160 and 161 of the Indian Contract Act, the pawnor is entitled to the goods pledged with the pawnee upon performance of the promise within the time stated or repayment of the loan and interest, if any.

 

2)Right to increase or profit

According to Section 163 of the Indian Contract Act, if the value of the goods in pledge rises or profits, the pawnor has the right to such an increase or profit.

 

3)Right to compensation

If the goods under pledge are not properly cared for or used and are damaged or deteriorated as a result, the pawnor has the right to seek compensation for such damage or loss.

Hence correct option is d.

Posted by

Sayak

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