The right of the power to redeem back the goods pledged continued till :
All of the above
Under Section 177 of the Indian Contract Act, 1872, if a time is stipulated for payment of the debt and the pawnor makes default, he may redeem the goods pledged at any subsequent time before the actual sale of them, paying in addition any expenses arising from his default.
The pawnor’s right of redemption is therefore extinguished only by an actual sale. Where the pawnee sells under Section 176 by public auction, the sale is effected only when the hammer finally falls (Section 64, Sale of Goods Act, 1930), the sale is complete, and the price is received by the auctioneer; until the whole of this process is over, the pawnor may tender the debt and expenses and take back his goods.
Each listed event thus marks the stage up to which the right of redemption continues, and none of them excludes the others.
Hence, the answer is All of the above.
Similar Questions
In bank guarantee, the number of parties involved in the agreement are ..................... .
Unless there is .................., there can be no contract.
Which one of the following is not an essential element of a valid contract as per section 10 of Indian Contract Act ?
The finder of goods has a right of .................... over the goods for his expenses.
Which of the following is not an example of implied consent for discharge of contract ?
Which among the below is essential for a valid contract of agency ?
Read Assertion (A) and Reason (R) and with the help to codes given below, point out the correct explanation :
Assertion (A) :
An acceptance is to a proposal what a lighted match is to a train of gunpowder.
Reason (R) :
Acceptance converts the offer into a promise and then it is late to remove.
Breach of contract can result in for :
A supplies the wife and children of B, a lunatic, with necessaries suitable to the style of their living. Whether A can claim the reimbursed from B’s property under which section of certain relations resembling those created by contract ?
A frustrated contract is :
Important Questions from Indian contract acts, 1872
Which is the term used for a contract where both the parties to the contract have fulfilled their obligations under the contract?
As per Section 73 of the Indian Contract Act, 1872, in estimating the loss or damage arising from a breach of contract, what must be taken into account?
As per the Indian Contract Act, 1872, the revocation of a continuing guarantee by the death of a surety operates:
In bank guarantee, the number of parties involved in the agreement are ..................... .
Unless there is .................., there can be no contract.
