McqMate
| Q. |
What is pledge: |
| A. | The bailment of goods as security for payment of a debt or performance of a promise |
| B. | The delivery of goods by one person to another for some purpose, upon a contract that they shall, when the purpose is accomplished, be returned or otherwise disposed of according to the direction of the person delivering them |
| C. | A contract by which one party promises to save the other from loss caused to him by the contract of the promisor himself, or by the conduct of any other person |
| D. | A contract to do or not to do something, if some event, collateral to such contract, does or does not happen |
| Answer» A. The bailment of goods as security for payment of a debt or performance of a promise | |
View all MCQs in
Banking and Finance 3No comments yet