The Indian Contract Act
172"Pledge", "Pawnor" and "Pawnee" defined
The bailment of goods as security for payment of a debt or performance of a promise is called "pledge". The bailor is in this case called the "pawnor". The bailee is called the "pawnee".
Download our fully-offline, High speed android app.- Click here
Bailments of pledges
- 172 "Pledge", "Pawnor" and "Pawnee" defined
- 173 Pawnee's right of retainer
- 174 Pawnee not to retain for debt or promise other than that for which goods pledged
- 175 Pawnee's right as to extraordinary expenses incurred
- 176 Pawnee's right where pawnor makes default
- 177 Defaulting pawnor's right to redeem
- 178 Pledge by mercantile agent
- 178A Pledge by person in possession under voidable contract
- 179 Pledge where pawnor has only a limited interest