Discuss the ways in which a pawn can be redeemed.

      

Discuss the ways in which a pawn can be redeemed.

  

Answers


Maurice
(a) The pawnor is entitled to redeem the goods pawned within the stipulated time or if
no time is fixed, within a reasonable time after demand for payment has been made.

(b) If the pawnor does not redeem, the pawnbroker has a right to sell the articles
pawned, However, any excess obtained by sale must be handed over to the pawnor.

(c) Every pledge is redeemable within 6 months, with seven days of grace olded.

(d) After this period, pledges pawned for sixty shillings or less become the property of
the pawnbroker.

(e) A pawn is generally redeemable by payment of the amount due to the Pawnee.?
maurice.mutuku answered the question on April 26, 2018 at 09:11


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