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May 4, 2022 · Learn the difference between contract of bailment and pledge, their essential features, duties, rights and liabilities, and relevant case laws. A contract of bailment is the delivery of goods by one person to another for some purpose, while a contract of pledge is the delivery of goods as security for a debt.
- Rachit Garg
Jan 31, 2021 · Learn the definition, essentials, rights and duties of pawnor and pawnee in contract of pledge, a special type of bailment of goods as security for debt or promise. Compare contract of pledge with contract of bailment and understand its commercial utility.
Learn what a contract of pledge is, what are its essential features, and what are the rights and duties of the parties involved. A contract of pledge is a formal agreement to use something as security for a loan or a promise, with the option to redeem it after fulfilling the obligations.
Learn about the meaning, definition, nature, essentials and rights of a contract of pledge, a special kind of bailment for security. Compare and contrast pledge with other concepts such as hypothecation, mortgage and lien.
Jul 14, 2024 · Section 172 of the Indian Contract Act, 1872, delineates the definitions of "pledge," "pawnor," and "pawnee," laying the groundwork for understanding the legal dynamics surrounding the bailment of goods as security for debt or promise fulfillment.
Introduction. This article deals with the concept of the pledge as defined under the Indian Contract Act, of 1872 (hereinafter, “Act”). Pledge can be said to be a sub-species of bailment, which involves the delivery of goods in exchange for securing a loan or fulfillment of an obligation.
Apr 12, 2022 · Learn the definition, essentials, rights and duties of pawnor and pawnee in a contract of pledge, a modified form of bailment. Find out the relevant judicial precedents and the difference between contract of pledge and delivery.
