Law · Law of Pledge
Arrange the following events in the correct chronological sequence regarding the allocation of rights and enforcement in a contract of pledge: A. The default triggers the pledgee's right to execute a collateral sale. B. The pledgor defaults on the underlying debt or obligation. C. The pledgor transfers possession of the property to the pledgee as security. D. The pledgee sells the pledged property to a third party after giving reasonable notice to recover the debt. Choose the correct sequence:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1B, A, C, D
- 2B, C, A, D
- 3C, A, B, D
- 4C, B, A, D✓
Correct answer
C, B, A, D
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