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Explain in brief the essentials of a hypothecation agreement.

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Uma asked over 2 years ago

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 narahari answered over 2 years ago

Hypothetical refers to creation of securities of movable goods, where the borrower continues in possession of goods and uses the goods for his business.

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Data?1494421730 rohit awasthi answered over 2 years ago

Dear Friend > Hypohenation agreement Hypothetical refers to creation of securities of movable goods, where the borrower continues in possession of goods and uses the goods for his business. A hypothecation agreement (letter of trust) is made in favor of the creditor where the creditor step into the shoe of the borrower in case of default. The creditor can seize and sell the goods in case of default. Normally, stock-in–trade and vehicles are being HYPOTHECATED. Thanks

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