Section 172 Indian contract Act, 1872

Spread the knowledge
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  

Section 172 Indian contract Act, Sec 172 Contract Act

172.“Pledge”“pawnor”,and “pawnee” defined.—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”.

Next : Section 173 –> | <– Previous : Section 171