Indian Contract Act — Section 178
Pledge by mercantile agent
Where a mercantile agent is, with the consent of the owner, in possession of goods or the document of title to goods, any pledge made by him, when acting in the ordinary course of business of a mercantile agent, shall be as valid as if he were expressly authorised by the owner of the goods to make the same; provided that the pawnee acts in good faith and has not at the time of the pledge notice that the pawnor has not authority to pledge. Explanation.—In this section, the expressions 'mercantile agent' and 'documents of title' shall have the meanings assigned to them in the Indian Sale of Goods Act, 1930 (3 of 1930).
Follow cited cases · Browse courts and years · Research topics
Judgments citing Section 178
- SUPERMINT EXPORTS PVT LTD v. NEW INDIA ASSURANCE CO LTD. & ORS.
- Axis Bank Ltd. v. State Of Rajasthan
- FINANCE v. THE STATE OF AP
- FINANCE v. THE STATE OF AP
- FINANCE v. THE STATE OF AP
- FINANCE v. THE STATE OF AP
- FINANCE v. THE STATE OF AP
- FINANCE v. THE STATE OF AP
- FINANCE v. THE STATE OF AP
- FINANCE v. THE STATE OF AP
- FINANCE 1. MANAPPURAM ASSET v. NONE
- FINANCE v. THE STATE OF AP
- FINANCE v. THE STATE OF AP
- FINANCE v. THE STATE OF AP
- FINANCE v. THE STATE OF AP
- FINANCE v. THE STATE OF AP
- FINANCE v. THE STATE OF AP
- FINANCE v. THE STATE OF AP
- Judgment · High Court · 2012
- Judgment · High Court · 2007
Text reproduced from the public statutes on which the corpus is built. Verify against the official Gazette before relying on it. This is statute reference, not legal advice.