- There is delivery of possession from the Pawnor to the Pawnee.
- The right of ownership is the goods pledged as a security remains in the pawnor.
- A pledge is redeemable within six months, with seven days of grace olded.
- If the pledge is destroyed by fire, the pawn broker is bound to pay the value of the pledge after deducting the amount of the loan and interest.
(Visited 403 times, 1 visits today)