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Section 174 - Pawnee not to retain for debt or promise other than that for which goods pledged. Presumption in case of subsequent advances : Indian Contract Act 1872

What is Pawnee not to retain for debt or promise other than that for which goods pledged. What is Presumption in case of subsequent advances? Section 174 of Indian Contract Act 1872


 

Section 174 of Indian Contract Act 1872 : "Pawnee not to retain for debt or promise other than that for which goods pledged. Presumption in case of subsequent advances"

174. 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.

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