Pledge Flashcards
1
Q
Transfer of railway receipt is valid pledge. the holder of the railway receipt has rights as the pledgee.
A
Morvi Mercantile Bank Ltd v UOI
2
Q
Where the Bank as the Pawnee was not in a position to deliver back the goods on account of the seizure made by the police. The Bank as the Pawnee having refused to perform its obligation of redelivering the goods on debts being satisfied cannot claim any interest from the date on which the petitioner wanted release of the goods pledged by satisfying the debt.
A
SBI v Manglabai G. Deshmukh