Indian Contract Act — Section 172

“Pledge”“pawnor”,and “pawnee” defined.—The bailment of goods as security for payment of

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”.

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Judgments citing Section 172

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