Question

Person to whom goods are pledged is known as ______.

• A. Pledgee
• B. Pawnee
• C. (A) or (B)
• D. Bailee

Answer 1

The correct option is C (A) or (B)

Section 172 states: The bailment of goods as security for payment of a debt or performance of a promise is called ‘pledge’. The bailor is in this case called the ‘pawnor’. The bailee is called ‘pawnee’.