Section 172 Contract Act — “Pledge”“pawnor”,and “pawnee” defined

The Indian Contract Act, 1872 · Official PDF page 42

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”.

Text extracted from the official PDF (India Code source copy; consolidation date not certified). Line breaks and footnote marks may differ; the PDF is the authority.

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