Indian Contract Act, 1872
Section - 172 - "Pledge", "pawnor", and "pawnee" defined.
BAILMENT OF PLEDGES
"Pledge", "pawnor", and "pawnee" defined
172. 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 "pawnee".
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