AILET 2018 LLM Question Paper with answer key for online practice

Question : 26 of 100

Marks: +1, -0

If the pawnor makes a default in payment of debt, at the stipulated time of promise

Pawnee has no right to sell the goods nor retain the goods as collateral security but has a right to sue the pawnor for the debt.
Pawnee has no right to sell the goods pledged but has a right to retain the goods as collateral security.
Pawnee has a right to sell the goods pledged after giving a reasonable notice of sale to the pawnor.
Pawnee has a right to sell the goods pledged without giving notice to the pawnor.

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