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Section 174, Contract Act 1872: Pawnee Not To Retain For Debt Or Promise Other Than...

Section 174 under the Chapter IX (Of bailment) of the Contract Act, 1872 of India - 'Pawnee not to retain for debt or promise other than that for which goods pledged—Presumption in case of subsequent advances', is reproduced hereunder:—

“The pawnee shall not, in the absence of a contract to that effect, retain the goods pledged for any debt or promise of other than the debt or promise for which they are pledged; but such contract, in the absence of anything to the contrary, shall be presumed in regard to subsequent advances made by the pawnee.”

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