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Essentials of Pledge in Law by Shareen Anwar is a document available to read on EtoBox.
What is Essentials of Pledge in Law about?
The document discusses the legal concept of a pledge in contracts law. It defines a pledge as a bailment of personal property as security for a debt or obligation, where possession is delivered to the pledgee. The key rights of a pledgee include: 1) The right of retention, to hold the pledged goods until payment of the debt. 2) The right to sell the pledged goods if the pawner defaults, after providing reasonable notice. 3) The right to recover extraordinary expenses incurred to preserve the pledged goods,
- Author
- Shareen Anwar
- Language
- EN