Beruflich Dokumente
Kultur Dokumente
In case of default by a bailor, the bailee In case of default by the pledger, the
may retain the goods or sue the bailor pledgee may retain the goods , he may
for non-payment of the dues. also sell the goods after giving a
reasonable notice of sale to the pledger.
The bailormay use the goods if the The pledgee cant use the goods which are
contract of bailment so provides. pledged to him.
1. Enforcement of pledgees duty.
2. Defaulting pledger right to redeem.
3. Preservation and Maintenance.
4. Protection of debtors
1. To compensate pledgee for any extra
ordinary expenses incurred by him.
2. To meet his obligations on stipulated date
and comply with the terms of the contract.
1. Right of Retainer
2. Right of retainer for subsequent advances
3. Right of extra ordinary expenses.
4. Pledgees right where the pledger makes
default.
1. To return the goods pledge on receipt of his
full due.