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Who is the person that delivers goods in a contract of pledge?
Question

Who is the person that delivers goods in a contract of pledge?

A.

Bailor

B.

Pawnor

C.

Mortgagor

D.

Promisor

Correct option is B

In a contract of pledge, the person who delivers goods as security is called the pawnor, and the one who receives them is called the pawnee, as defined under Section 172 of the Indian Contract Act, 1872.
Information Booster:
· A bailor delivers goods in a general bailment, but not necessarily as security.
· Mortgagor is used for immovable property under the Transfer of Property Act.
· Promisor is a general term in contract law, not specific to pledge.

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