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Rights of Pawnor

On default by pawnor to repay on the stipulated date, the Pawnee may sell the goods after giving reasonable notice to the pawnor. If the Pawnee makes an unauthorised sale without giving notice to the pawnor, the pawnor has the ...
 
 
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Rights of Pawnee

No property in goods pawned passes to the pawnee, but the pawnee gets a “special property to retain possession even against the true owner until the payment of the debt, interest on the debt, and any other expense incurre...
 

 
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Pledge

Pledge or pawn is a contract whereby an article is deposited with a lender of money or promisee as security for the repayment of a loan or performance of a promise. The bailor or depositor is called the “Pawnor” and...
 
 
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Duties of bailor

The bailor is entitled to following duties: (a) The bailor must disclose all the known faults in the goods; and if he fails    to do what, he will be liable for any damage resulting directly from the faults. For example:  A...
 
 
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Duties of Bailee

The bailee owes following duties in lieu of the goods bailed: (a) The bailee must take as much care of the goods bailed to him as a man of ordinary prudence would take under similar circumstances of his own goods of the same bu...