Law Maker

CHAPTER IX OF BAILMENT · Bailments of pledges

Section 173: Pawnee’s right of retainer

The Indian Contract Act, 1872

Thepawnee 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 incurred by him in respect of the possession or for the preservation of the goods pledged.

Questions on this section

1 question in 6 of our papers cite Section 173.

Practise questions on Contract Law