Question

Who is pledger or pawnor?

Answer 1

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Section 172 of the Act defines pledge as “The bailment of goods as security for payment of a debt or performance of a promise.” The bailor is called the 'pledger' or 'pawnor' and the bailee is called the 'pledgee' or 'pawnee.'

Answer 2

Section 172 of the act defines pledges the bailment of goods or security for payment of a Dept for performance of a promise the Bella is called the pleasure or pain II 172 of the act defines pledges the bailment of goods or security for payment of a Dept for performance of a promise the bailor is called the pleasure or Pawnor.