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172
Section 172. "Pledge", "Pawnor" and "Pawnee" defined. The Indian Contract Act, 1872
In force All India (Central 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".
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