Bare Acts · Major Laws · Indian Contract Act, 1872 · English Medium Bare Acts

Section 172 of the Indian Contract Act, 1872.

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“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.

Also Check: The Indian Contract Act Free One Liner Notes

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Section 172 of the Indian Contract Act, 1872.

“Pledge”“pawnor”,and “pawnee” defined.—

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