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The Contract Act, 1872

Section 172"Pledge", "Pawnor" and "Pawnee" defined

In forceChapter IX OF BAILMENT

Chapter IX OF BAILMENT

Bailments Of Pledges

s. 172

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".

End of s. 172.

Read the contents: The Contract Act, 1872