Section Text
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.
Indian Contract Act, 1872 Section 172
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About this section
Indian Contract Act, 1872 Section 172 is part of Indian Contract Act, 1872 - Pledge, Pawnor and Pawnee Defined. Read the section text below and explore Indian court judgments that cite it.
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What does Indian Contract Act, 1872 Section 172 provide?
Section Section 172 of the Indian Contract Act, 1872 (Pledge, Pawnor and Pawnee Defined) is reproduced on this page as part of the Indian Contract Act, 1872. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.
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