LawgistThe Indian Contract Act
173Pawnee's right of retainer
The pawnee may retain the goods pledged, not only for payment of the debt or the performance of the promise, but for the interest of the debt, and all necessary expenses incurred by him in respect of the possession or for the preservation of the goods pledged.
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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
