New SIDBI Grade A New Batch Starts on Nov 18

    Register

    Question

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

    A Section 117 Correct Answer Incorrect Answer
    B Section 162 Correct Answer Incorrect Answer
    C Section 161 Correct Answer Incorrect Answer
    D Section 170 Correct Answer Incorrect Answer
    E Section 172 Correct Answer Incorrect Answer

    Solution

    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".

    Practice Next