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“.
- Law Note: What Is Pledge Under the Indian Contract Act?
- Read Contract Act in a systematic way.
- Download beautiful, mobile-friendly Contract Act PDF.
Latest posts by WritingLaw (see all)
- Article 334A of the Constitution of India - 14th April 2024
- Article 332A of the Constitution of India - 14th April 2024
- Article 330A of the Constitution of India - 14th April 2024
WritingLaw » Contract Act, 1872 »
If you are a regular reader, please consider buying the Law PDFs and MCQ Tests. You will love them. You may also support us with any amount you like. Thank You.