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What comes into your mind whenever you hear the word pledge? What is your understanding of Prohibition against Pactum Commissorium? Differentiate pledge from mortgage? What

  • What comes into your mind whenever you hear the word "pledge"?
  • What is your understanding of "Prohibition against Pactum Commissorium"?
  • Differentiate pledge from mortgage?
  • What is the Pledge?
  • Is pledge the same with mortgage? Why or why not? Explain.
  • What are the obligations of the pledgor and pledgee?

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