2) Will a pledge made by a non owner of the goods be valid always ? Elaborate



2) Will a pledge made by a non owner of the goods be valid always ? Elaborate..

Answer / Rakesh Ranjan

A pledge is a transfer of ownership or possession of property to a creditor as security for a debt. In most legal systems, a pledge can only be made by the owner of the goods. If a non-owner makes a pledge, it may not be valid because they do not have the right to transfer ownership or possession of the goods. However, there might be exceptions based on local laws and circumstances. It's always best to consult with a legal professional in such cases.

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