Question

Person who pledges the goods is known as ______.

• A. Pledger
• B. Pawnor
• C. (A) or (B)
• D. Bailor

Answer 1

Answer: (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’. Hence, a person who pledges the goods is known as a Pledger or a Pawnor.