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The Contract Act, 1872

Section 174Pawnee not to retain for debt or promise other than that for which goods pledged Presumption in case of subsequent advances

In forceChapter IX OF BAILMENT

Chapter IX OF BAILMENT

Bailments Of Pledges

s. 174

174. Pawnee not to retain for debt or promise other than that for which goods pledged Presumption in case of subsequent advances The pawnee shall not, in the absence of a contract to that effect retain the goods pledged for any debt or promise other than the debt or promise for which they are pledged; but such contract, in the absence of anything to the contrary, shall be presumed in regard to subsequent advances made by the pawnee.

End of s. 174.

Read the contents: The Contract Act, 1872