Best Medical College in Philippines
Untitled Document

Nature of Pledge




If a pawnor makes default in payment of the debt in respect of which the goods were pledges , the pawnee may bring a suit against the pawnor and retain the goods pledged as securities .
If the proceeds of such sales are less than the amount due in respect of the debt , the pawnor is still liable to pay the balance .If the proceeds of the sales are greater than the amount so due , the pawnee shall pay over the surplus to the pawnor

In: Management Asked By: [54 Blue Star Level]
Important Links for G.K/.

Comment on this Note

You must be Logged In to post Notes.

Not a member yet? Sign Up Now »

List of Leading Institutes in India

Recent activity



G.K. Queries

Notes for B.Ed

Notes On Accounts

Follow Us : F  T  G+

Study Abroad

Banking Sector

English Literature

Find Institutes


Ceramic Engineering

Land Scape designing
Ask and Answer

Maths for competitive exams

G.K.Notes for competitive exams

Some important links for competitive exams

Home  ||   About  ||  Sign Up Now  ||   Log In

Copyright © 20013- 2014, All rights reserved.