Section 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".
9/1872 - The Indian Contract Act, 1872 ▶
Act Number: 9
Act Name: The Indian Contract Act, 1872
Year: 1872
Enactment Date: 1872-04-25
Long Title:
Ministry: Ministry of Law and Justice
Department: Legislative Department