Question
The terms "Pledge", "Pawnor" and "Pawnee" has been
defined under which section of the Contract Act?Solution
Contract Act, Section 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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