Contract Act, 1872

Contract Act, 1872 — Section 172: “Pledge,” “pawnor”, and “pawnee” defined

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”.

This is the text of the provision as enacted. It is legal information, not legal advice, and it cannot account for the facts of your own matter. For advice on your situation, consult a verified advocate.