Section 174 of ICA : Section 174: Pawnee Not To Retain For Debt Or Promise Other Than That For Which Goods Pledged
ICA
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Explanation using Example
Imagine Rahul borrows Rs. 50,000 from a local lender, Priya, and pledges his laptop as security for the loan. According to Section 174 of the Indian Contract Act, Priya, the pawnee, can only retain the laptop fo...
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