Nov 30, 2015
Defaulting pawnor 's right to redeem
Defaulting pawnor ‘s right to redeem
Section 177 of the Indian Contract Act 1872 protects pawnor’s right to redeem. It reads as follows:- “177. Defaulting pawnor’s right to redeem. If a time is stipulated for the payment of the debt, or performance of the promise, for which the pledge is made, and the pawnor makes default in payment of the debt or performance of the promise at the stipulated time, he may redeem the goods pledged at…
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