contract act
This query is : Resolved
28 May 2008
difference between pledge,hypothication&mortgaze
28 May 2008
in simple words :
pledge : when possession of an movable asset is handed over to secure a loan
hypothecation : when possession of an movable asset remains with borrower
mortgage : security provided by an immovable property for a loan
pledge : when possession of an movable asset is handed over to secure a loan
hypothecation : when possession of an movable asset remains with borrower
mortgage : security provided by an immovable property for a loan
29 May 2008
Thank you sir
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