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Section 174 -The Indian Contract Act, 1872

The Indian Contract Act, 1872

 

174. Pawnee not to retain for debt or promise other than for which goods pledged – presumption in case of subsequent advances –

 

The pawnee shall not, in the absence of a contract to that effect, retain the goods pledged for any debt or promise of other than the debtor promise for which they are pledged; but such contract, in the absence of anything to the contrary, shall be presumed in regard to subsequent advances made by the pawnee.

 

 

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The Indian Contract Act, 1872

 

 

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