What is Pledge? Who is pawnor and pawnee defined? Section 172 of Indian Contract Act 1872
172. 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".
Section 166 - Bailee not responsible on redelivery to bailor without title
Section 167 - Right of third person claiming goods bailed
Section 168 - Right of finder of goods, may sue for specific reward offered
Section 169 - When finder of thing commonly on sale may sell it
Section 170 - Bailee's particular lien
Section 171 - General lien of bankers, factors, wharfingers, attorneys and policy-brokers
Bailment of pledges
Section 172 - Pledge pawnor and pawnee defined
Section 173 - Pawnee's right of retainer
Section 175 - Pawnee's right as to extraordinary expenses incurred
Section 176 - Pawnee's right where pawnor makes default
Section 177 - Defaulting pawnor's right to redeem
Section 178 - Pledge by mercantile agent
Section 178A - Pledge by person in possession under voidable contract
Section 179 - Pledge where pawnor has only a limited interest
Suits by bailees or bailors against wrong-doers
Section 180 - Suit by bailor or bailee against wrong-doer
Section 181 - Apportionment of relief or compensation obtained by such suits
CHAPTER X AGENCY
Appointment and authority of agents
Section 182 - Agent and principal defined
Section 183 - Who may employ agent