Question

"Pawnor is also known as pledger".State whether
the statement is true or false​

Answer 1

Answer:

The person who delivers the pledged goods is known as Pledger or Pawnor and the person receiving such goods is known as Pledgee or Pawnee.

Hope it is helpful.

Answer 2

The statement is True.

• It is  a unique type of bailment.
• The pledge is valid under section 19A of the Indian Contract Act.
• if the contract has not been cancelled at the time of the pledge and the pledgee has acted in good faith and without knowledge of the pledger's title defect.
• If a person pledges goods after obtaining a notification of contract rescind, the pledge will be null and void.