Pledge is a modified form of a contract of bailment, as inferred from its definition provided in Sec. 172 of ICA. It is defined as the bailment of goods that are delivered for purpose of security against a debt or performance. It differs from Bailment, in one aspect only, and that is its object. Here the
2022 April 12
The history of mankind has witnessed sundry mediums of exchange to fulfill their needs, commencing with the barter system, then arriving at coins, currency notes, etc. However, in the 21st