Indian Contract Act : "Pledge" "pawnor",and "pawnee" defined Indian Bare Acts :

Indian Contract Act,1872

Act No : 9

Section : "Pledge" "pawnor",and "pawnee" defined

172."Pledge" "pawnor",and "pawnee" defined.-The bailment of goodsas security for payment of a debt or performance of a promise iscalled " pledge ". The bailor is in this case called the " pawnor ".The bailee is called the " pawnee".

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