A pledge is a bailment of goods by one person to another to secure payment of a debt and if the pledger defaults in payment of the debt, the pledgee can sell the goods after due notice to the pledger.
A mortgage of goods is a transfer of property in the goods o the mortgagee to secure a debt, though their possession remains with the mortgagor.In both mortgage and pledge, ownership does not pass to the pledger or mortgaee as in the case of sale .In sale the ownership completely transfers to the buyer which does not happen in other transaction as pledge or mortgage.
If you want to be a judicial officer and are looking for best RJS coaching in Jaipur, here, at Jyoti Judiciary we provide comprehensive study material to make your preparation solidified and topnotch. From preliminary mock tests, to mains answer writing sessions every material required for clearing the exam is provided. We have separate legal current affairs classes, legal general knowledge, current affairs classes all in one time enrolment. Hurry up.
