Detailed Study Notes of Unit V
Unit-V: Banker’s Lien, Set-off, Advances, Pledge, Mortgages, Guarantees, Letters of Credit, SARFAESI Act, 2002 & DRT 1. Banker’s Lien and Right of Set-Off A. Banker’s Lien (Section 171 of Indian Contract Act) B. Right of Set-Off 2. Modes of Securing Advances: Pledge, Mortgage, Hypothecation & Guarantees A. Pledge (Sections 172 to 181, Indian Contract Act)…