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Standard XII
Accountancy
Redemption through Payment in Installments
Where the Paw...
Question
Where the Pawnee incurs necessary expenses to preserve the goods pledged with him, he is not entitled to receive such amount from the Pawnor.
A
False
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B
True
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C
Partly true
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D
None of the above
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Solution
The correct option is
D
False
Section 175 states: Pawnee’s right as to extraordinary expenses incurred.
The pawnee is entitled to receive from the pawnor extraordinary expenses incurred by him for the preservation of the goods pledged.
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