ICA Section 172: "Pledge", "pownor" and "pawnee" defined
Indian Contract Act, 1872 · Chapter 9: Bailment
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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".
Official reference: India Code, Legislative Department — checked: 29 September 2026.
This text is for reference, not legal advice. Consult the official source for the authoritative text.
Other sections in this chapter
- 148. "Bailment", "bailor" and "bailee" defined
- 149. Delivery to bailee how made
- 150. Bailor's duty to disclose faults in goods bailed
- 151. Care to be taken by bailee
- 152. Bailee when not liable for loss, etc. of thing bailed
- 153. Termination of bailment by bailee's act inconsistent with conditions
- 154. Liability of bailee making unauthorized use of goods bailed
- 155. Effect of mixture, with bailor's consent, of his goods with bailee's
- 156. Effect of mixture, without bailor's consent when the goods can be separated
- 157. Effect of mixture, without bailor's consent, when the goods cannot be separated
- 158. Repayment, by bailor, of necessary expenses
- 159. Restoration of goods bailed, on expiration of time or accomplishment of purpose
- 160. Return of goods bailed, on expiration of time or accomplishment of purpose
- 161. Bailee's responsibility when goods are not duly returned
- 162. Termination of gratuitours bailment by death
- 163. Bailor entitled to increase or profit from goods bailed
- 164. Bailor's responsibility to bailee
- 165. Bailment by several joint owners
- 166. Bailee not responsible on re-delivery to bailor without title
- 167. Right of third person claiming goods bailed
- 168. Right of finder of goods may sue for specific reward offered
- 169. When Finder of thing commonly on sale may sell it
- 170. Bailee's particular lien
- 171. General lien of bankers, factors, wharfingers, attorneys, and policy brokers
- 173. Pawnee's right of retainer
- 174. Pawnee not to retain for debt or promise other than that for which goods pledged: Presumption in case of subsequent advances
- 175. Pawnee's right to extraordinary expenses incurred
- 176. Pawnee's right where pawnor makes default
- 177. Defaulting pawnor's right to redeem
- 178. Pledge by mercantile agent
- 178A. Pledge by person in possession under voidable contract
- 179. Pledge where pawnor has only a limited interest suits by bailors against wrong-doers
- 180. Suit by bailor or bailee against wrong-doer
- 181. Apportionment of relief or compensation obtained by such suits