Question

which parties involved in contract of pledge​

Answer 1

Answer:

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A pledge is a bailment that conveys possessory title to property owned by a debtor (the pledgor) to a creditor (the pledgee) to secure repayment for some debt or obligation and to the mutual benefit of both parties. The term is also used to denote the property which constitutes the security.

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Answer 2

There are two parties involved – Pawner/ Pledger and Pawnee/ Pledgee. Since it is a type of bailment, the bailor in the case of Pledge is called as Pledger and the bailee in the case of the pledge is called Pledgee. The essential elements of the Contract of Pledge: Delivery of goods.

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