172: “Pledge,” “pawnor”, and “pawnee” defined
The Contract Act · Federal Acts · Chapter IX · in_force
Discuss this provision with AI
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”.
Related sections
171: General lien of bankers, factors, wharfingers, attorneys and policy-brokers173: Pawnee’s right of retainer170: Bailee’s particular lien174: Pawnee not to retain for debt or promise other than that for which goods pledged169: When finder of thing commonly on sale may sell it175: Pawnee’s right as to extraordinary expenses incurred
Version 1 · Source-traceable official reference. LawHub does not modify the official record.