According to the Rights of Pawnee as outlined in the Contract Act, what is the pawnee entitled to if they incur extra expenses in caring for the pledged item?

The right to auction off the pledged good

The right to claim reimbursement for the additional expenses

The right to utilize the pledged item for personal use

The right to cancel the contract with the pawnor

What action is the pawnee authorized to take in the event of the pawnor defaulting on payment or performance within the agreed timeframe, based on the Contract Act?

The right to immediately sell the pledged item

The right to retain the pledged item indefinitely

The right to sue the pawnor and sell the pledged item after providing notice

The right to demand double the original debt amount

Under what circumstances is the pawnee permitted to purchase the pledged item, according to the Rights of Pawnee in specific court cases?

The pawnee can purchase the pledged item only if the pawnor consents

The pawnee is allowed to buy the pledged good in certain court-determined scenarios

The pawnee has the right to purchase the pledged item in all cases

The pawnee is prohibited from purchasing the pledged item under any circumstances

What right does the pawnee have according to Sections 173 and 174 of the Contract Act regarding the pledged item?

The right to sell the pledged item immediately

The right to utilize the pledged item for personal use

The right to retain the pledged item to ensure repayment and cover related expenses

The right to gift the pledged item to a third party

What does Section 175 of the Contract Act enable the pawnee to do in relation to the pledged good?

Request the pawnor to sell the pledged item

Request reimbursement for extra expenses incurred in looking after the pledged good

Transfer ownership of the pledged item to a third party

Use the pledged item for any purpose deemed necessary

In what scenario is the pawnee permitted to sell the pledged item according to Section 176 of the Contract Act?

If the pawnor requests the sale of the pledged item

If the pawnor fails to provide proper notice of default

If the pawnor defaults on payment or performance within the agreed timeframe

If the pawnor decides to revoke the pledge unilaterally

In the scenario provided, what right does Mr. B have if Mr. A fails to repay the loan by the due date?

Right to retain the profits from selling the gold chain

Right to keep the gold chain as his own

Right to take possession of the gold chain

Right to extend the loan repayment period

What is the consequence if Mr. A repays the loan within three months as per the agreement?

Mr. B must return the gold chain immediately

Mr. A can extend the loan repayment period

Mr. B is not entitled to any profits from the transaction

Mr. B does not have the right to take possession of the gold chain

What happens if the sale proceeds from the gold chain are less than Rs. 10,000 according to the agreement?

Mr. A remains liable for the outstanding balance

Mr. A becomes the new owner of the gold chain

The agreement is terminated without any liabilities

What legal action can a pawnee take if the individual who pawns an item disputes their right to possess or sell the pawned property?

Initiate a lawsuit to retrieve possession of the pawned item

Request a court order for the sale of the property

According to Section 176 stipulation, what happens if the pawnee fails to deliver the goods due to their own actions?

They can claim the debt despite the failure to deliver the goods

They are entitled to claim the debt

They are not entitled to claim the debt

They have to return the goods to the pawner

In the legal precedent of Lallan Prasad v. Rahmat Ali, what was the outcome regarding the plaintiff's demand for repayment after selling the collateral provided by the defendant?

The plaintiff was granted the repayment as requested

The plaintiff forfeited the right to seek the debt

The defendant was ordered to provide additional collateral

The case was dismissed without a ruling

What is the significance of issuing a notice to the pawnor before selling pledged goods in pawnbroking agreements?

It is a legal requirement without which the sale would be considered invalid.

It is a customary practice but not a legal requirement.

It is necessary only if the pledged goods are of high value.

It is not required if the pawnor has defaulted on the loan.

What does the ruling in the case of Dhani Ram & Sons v. Frontier Bank Ltd establish regarding the rights of the pawnee in a pledge agreement?

The pawnee has the right to purchase the pledged goods at any time.

The pawnee cannot purchase the pledged goods under any circumstances.

The pawnee can purchase the pledged goods without terminating the pledge.

The pawnee can only reclaim the goods after repaying the loan in full.

In which court case did the Kerala High Court rule that a bank can pursue loan recovery even if the security is lost due to its negligence?

Dhani Ram & Sons v. Frontier Bank Ltd

According to the Indian Contract Act, 1872, what rights does a pawnee have regarding pledged goods?

The pawnee must return the goods immediately upon request.

The pawnee can only retain possession of the goods for a limited period.

The pawnee is entitled to keep possession until the debt is fully satisfied.

The pawnee can sell the goods without any notice.

Why is issuing a notice regarding the sale of pledged goods considered essential in the legal process?

To transfer ownership rights to the pawnee

To seek permission from the pawnor for the sale

To inform the court about the impending sale

To ensure transparency and fairness in the sale process

In which court case did the Patna High Court disapprove of a banker selling pledged goods twice and then pursuing the pawnor for the remaining balance?

Dhani Ram & Sons v. Frontier Bank Ltd

What action can a pawnee take regarding pledged goods after providing proper notice to the pawnor?

The pawnee is required to return the goods to the pawnor immediately.

The pawnee can only keep the goods but cannot sell them.

The pawnee has the right to sell the goods.

The pawnee must seek permission from the court to sell the goods.

What option does a pawnee have in addition to selling pledged goods?

The pawnee can return the goods to the pawnor.

The pawnee can destroy the goods.

The pawnee has the option to purchase the pledged goods.

The pawnee must seek permission from the government to take any action.

Rights of Pawnee Free MCQ Practice Test with Solutions

EduRev

All Courses

Open App

	Civil Law for Judiciary Exams 253 docs\|259 tests

	Civil Law for Judiciary Exams 253 docs\|259 tests

Important Questions for Rights of Pawnee

Find all the important questions for Rights of Pawnee at EduRev.Get fully prepared for Rights of Pawnee with EduRev's comprehensive question bank and test resources. Our platform offers a diverse range of question papers covering various topics within the Rights of Pawnee syllabus. Whether you need to review specific subjects or assess your overall readiness, EduRev has you covered. The questions are designed to challenge you and help you gain confidence in tackling the actual exam. Maximize your chances of success by utilizing EduRev's extensive collection of Rights of Pawnee resources.

Rights of Pawnee MCQs with Answers

Prepare for the Rights of Pawnee within the Judiciary Exams exam with comprehensive MCQs and answers at EduRev. Our platform offers a wide range of practice papers, question papers, and mock tests to familiarize you with the exam pattern and syllabus. Access the best books, study materials, and notes curated by toppers to enhance your preparation. Stay updated with the exam date and receive expert preparation tips and paper analysis. Visit EduRev's official website today and access a wealth of videos and coaching resources to excel in your exam.

Online Tests for Rights of Pawnee Civil Law for Judiciary Exams

Practice with a wide array of question papers that follow the exam pattern and syllabus. Our platform offers a user-friendly interface, allowing you to track your progress and identify areas for improvement. Access detailed solutions and explanations for each test to enhance your understanding of concepts. With EduRev's Online Tests, you can build confidence, boost your performance, and ace Rights of Pawnee with ease. Join thousands of successful students who have benefited from our trusted online resources.

Education Revolution