ICA 178A — Pledge by person in possession under voidable contract

Indian Contract Act, 1872

Statutory text

When the pawnor has obtained possession of the goods pledged by him under a contract voidable under section 19 or section 19A, but

1. As to lien of an agent, see s. 221, infra. As to lien of a Railway Administration, see the Indian Railways Act, 1890 (9 of 1890), s. 55.

2. For limitation, see the Limitation Act, 1963 (36 of 1963), the Second Schedule. the contract has not been rescinded at the time of the pledge, the pawnee acquires a good title to the goods, provided he acts in good faith and without notice of the pawnor’s defect of title.]

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