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 “pawnor“. The bailee is called “pawnee“.

Read Contract Act in a systematic way.

Read Contract Act each section wise.

Bare Acts

Download beautiful, mobile friendly Contract Act PDF.

WritingLawContract Act, 1872Section 172 Contract Act

Useful for all law exams.

Law Study Material

There are amazing law quotes on our Twitter and Instagram.