|
No
|
Hypothecation
|
Pledge
|
|
(1)
|
Hypothecation is not a statutory creation but it is in usage in the mercantile field from time immemorial. There is no provision in the Indian Contract Act 1872 or Sale of Goods Act regarding hypothecation.
|
According to Section 172 of the Indian Contract Act, 1872 Pledge is a Bailment of goods as the security of repayment of a loan or performance of a promise.
|
|
(2)
|
In hypothecation, the possession of goods is retained by the borrower.
|
In pledge, possession of goods is parted with by the owner in favor of the creditor.
|
Difference between hypothetication and pledge
Neco expo runz 2023: if you are a candidate who has been asking so many questions about the jamb expo authorities 2023, Neco expo WhatsApp institution link, “how to get Neco expo and runs for 2023? You then are Welcome to our web page.
ReplyDelete