Daily Email Newsletters (Latest Updates/Articles) — Sign up for Free

Section 173, Contract Act 1872: Pawnee's Right Of Retainer

Section 173 under the Chapter IX (Of bailment) of the Contract Act, 1872 of India - 'Pawnee's right of retainer', is reproduced hereunder:—

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

No comments:

Post a Comment