Question: Please need this answer in 1 hour. Hashim pledged his wrist watch valuing Rs.500,000 against the sum of Rs. 200,000 in favor of Kamran. It
Please need this answer in 1 hour.
Hashim pledged his wrist watch valuing Rs.500,000 against the sum of Rs. 200,000 in favor of Kamran. It was decided that the entire amount shall be paid on 01-01-2019 by Hashim, and the collateral shall be released by Kamran. On the said date Hashim could not pay back as decided and Kamran on 10-01-2019 sold out the watch against 600,000 to his friend Rashid. On 12-01-2019 Hashim went to Kamran along with the payment promised and demanded his watch back. Since the watch was sold out by Kamran, he filed a suit for the recovery of his watch in the Court of Law.
Required:
Whether Kamran was legally entitled to sell the watch, without serving a prior notice to Hashim. Support your answer by giving the provisions of the Contract Act 1872.
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