Varun Kumar Jha

“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… 

Pawnee’s right of retainer.— The pawnee may retain the goods pledged, not only for payment of the debt or the performance of the promise, but for the interest of the debt, and all necessary expenses… 

Pawnee not to retain for debt or promise other than that for which goods pledged. Presumption in case of subsequent advances.— The pawnee shall not, in the absence of a contract to that effect, retain… 

Pawnee’s right as to extraordinary expenses incurred.— The pawnee is entitled to receive from the pawnor extraordinary expenses incurred by him for the preservation of the goods pledged.

Pawnee’s right where pawnor makes default.— If the pawnor makes default in payment of the debt, or performance, at the stipulated time of the promise, in respect of which the goods were pledged, the pawnee… 

Defaulting pawner’s right to redeem.— If a time is stipulated for the payment of the debt, or performance of the promise, for which the pledge is made, and the pawnor makes default in payment of… 

Pledge by mercantile agent.— Where a mercantile agent is, with the consent of the owner, in possession of goods or the document of title to goods, any pledge made by him, when acting in the… 

Pledge where pawnor has only a limited interest.— Where a person pledges goods in which he has only a limited interest, the pledge is valid to the extent of that interest.

Suit by bailor or bailee against wrong-doer.— If a third person wrongfully deprives the bailee of the use or possession of the goods bailed, or does them any injury, the bailee is entitled to use…