TypeBare Act JurisdictionCentral Government Enacted1872

Contract Act, 1872 Section 174

PAWNEE NOT TO RETAIN FOR DEBT OR PROMISE OTHER THAN THAT FOR WHICH GOODS PLEDGED. PRESUMPTION IN CASE OF SUBSEQUENT

Section Text

SECTION 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 debtor promise other than the debt or promise for which they are pledged; but such contract, in the absence of the anything to the contrary, shall be presumed in regard to subsequent advances made by the pawnee.