Section 169 of Indian contract Act
When finder of thing commonly on sale may sell it.— When a thing which is commonly the subject of sale is lost, if the owner cannot with reasonable diligence be found, or if he refuses,…
When finder of thing commonly on sale may sell it.— When a thing which is commonly the subject of sale is lost, if the owner cannot with reasonable diligence be found, or if he refuses,…
Bailee’s particular lien.— Where the bailee has, in accordance with the purpose of the bailment, rendered any service involving the exercise of labour or skill in respect of the goods bailed, he has, in the…
General lien of bankers, factors, wharfingers, attorneys and policy-brokers.— Bankers, factors, wharfingers, attorneys of a High Court and policy-brokers may, in the absence of a contract to the contrary, retain as a security for a…
“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…