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TypeBare Act JurisdictionCentral Government

Indian Contract Act, 1872 Section 178

Pledge by Mercantile Agent

~1 min read
https://sooperkanoon.com/act/14456

Bare act section · Research

About this section

Indian Contract Act, 1872 Section 178 is part of Indian Contract Act, 1872 - Pledge by Mercantile Agent. Read the section text below and explore Indian court judgments that cite it.

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Section Text

1 [178. Pledge by mercantile agent

Wherea mercantile agent is, with the consent of the owner, in possession of goods orthe document of title to goods, any pledge made by him, when acting in theordinary course of business of a mercantile agent, shall be as valid as if hewere expressly authorised by the owner of the goods to make the same; providedthat the pawnee acts in good faith and has not at the time of the pledge noticethat the pawnor has not authority to pledge.

Explanation.-In this section, the expressions 'mercantile agent' and 'documents of title'shall have the meanings assigned to them in the Indian Sale of Goods Act, 1930(3 of 1930).

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1. Section178 and 178A Substituted by Act 4 of 1930, section 2, for the original section178.

Frequently asked questions

What does Indian Contract Act, 1872 Section 178 provide?

Section Section 178 of the Indian Contract Act, 1872 (Pledge by Mercantile Agent) 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.

How do I find judgments on Indian Contract Act, 1872 Section 178?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Indian Contract Act, 1872 Section 178. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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