Section 174 Indian Contract Act 1872 (Pawnee not to retain …)
Section 174 Indian Contract Act 1872
Section 174 of the Indian Contract Act 1872 is about Pawnee not to retain for debt or promise other than that for which goods pledged. It is under “Bailments of pledges” of CHAPTER IX of the Act. CHAPTER IX is titled OF BAILMENT.
Pawnee not to retain for debt or promise other than that for which goods pledged
The pawnee shall not, in the absence of a contract to that effect, retain the goods pledged for any debt or promise other than the debt or promise for which they are pledged; but such contract, in the absence of anything to the contrary, shall be presumed in regard to subsequent advances made by the pawnee.
See also:
Section 173 Indian Contract Act 1872 (Pawnee’s right of retainer)