What is pledge. State the rights and duties of Pawnee.?

Answer 1

Pledge:-

'The bailment of goods as security for payment of a debt or performance of a promise is called 'pledge'. The bailor in this case is called the 'pawnor'. The bailee is called the 'pawnee' (Sec. 172) .

Duties of PawneePledge being a special kind of bailment, the duties of a pawnee are just like a bailee. Thus a pawnee's duties may be enumerated as follows:

1. To take reasonable care of the goods pledged.

2. Not to make any unauthorized use of the goods pledged.

3. Not to mix the goods pledged with his own goods.

4. Not to do nay act in violation of the terms of the contract of pledge and of the provisions of the Contract Act. For example, he should not sell the goods pledged without a reasonable notice to the pawnor.

5. To return the goods pledged on the receipt of his full dues.

6. To deliver any accretion to the goods pledge, e.g., bonus shares must also be delivered where shares from the subject-matter of pledge. The accretion remains the property of the pawnor (M.R. Dhawan vs Madan Mohan)

R

Rights of Pawnor:-1. Enforcement of pawnee's duties,

2.defaulting pawnor's right to redeem(Sec. 177)

this answer written :- Subrata Datta,(Dhaniakhali,Hooghly-712302,West Bengal)................................................subrata always rocking

Answer 2

A pledge is a promise or commitment to do something or follow through on an agreement. The rights of Pawnee may include the right to participate in community decisions and ceremonies, access to traditional lands and resources, and the right to practice their cultural and religious beliefs. Duties of Pawnee may involve respecting tribal laws and customs, contributing to the well-being of the community, and passing down cultural knowledge to future generations.