Legal World

Section 178A Contract Act — Pledge by person in posse ssion under voidable contract

The Indian Contract Act, 1872 · Official PDF page 42

Open in NyayaOfficial PDF, page 42

178A. Pledge by person in posse ssion under voidable contract .—When the pawnor has obtained possession of the goods pledged by him under a contract voidable under section 19 or section 19A, but

1. As to lien of an agent, see s. 221, infra. As to lien of a Railway Administration, see the Indian Railways Act, 1890 (9 of 1890), s. 55.

2. For limitation, see the Limitation Act, 1963 (36 of 1963), the Second Schedule. the contract has not been rescinded at the time of the pledge, the pawnee acquires a good title to the goods, provided he acts in good faith and without notice of the pawnor’s defect of title.]

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.

For research. Check the official gazette and later amendments before citing a section.