In video specific purpose for pledge u told is fr security for loan..
But in studymaterial its also mentioned for performance of promise...
So which is crct?
Shruthi V
CA Inter
★ 0
30-Aug-20 11:59
449
Answers (4)
Both are correct. It was just an example given
ruchi lahoti
CA Inter
★ 27K+
31-Aug-20 09:54
But in video u mentioned oly for loans..
Can u give me an example for promise
Thread Starter
Shruthi V
CA Inter
★ 0
31-Aug-20 09:55
An example of pledge for performance of promise is to give someone your laptop as a guarantee that you'll return their car by a certain time.