Pawnor definition

Pawnor. The ▇▇▇▇▇▇ in case of pledge is called the pawnor. Pawnee: The bailee in case of pledge is called the pawnee. Agent: One who agrees and is authorized to act on behalf of another, a principal, to legally bind an individual in particular business transaction with third parties pursuant to an agency relationship.
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Examples of Pawnor in a sentence

  • The person who delivers the pledged goods is known as ▇▇▇▇▇▇▇ or Pawnor and the person receiving such goods is known as Pledgee or Pawnee.

  • By this, we mean that on the repayment of the debt or the performance of the promise, the Pawnor can redeem the goods or property pledged from the Pawnee before the Pawnee makes the actual sale.

  • When Pawnor makes defaults, Pawnee may bring a suit against the Pawnor and retain the goods as a security Sec.

  • It is necessary that the pawnee should have acted in good faith and have no notice that the Pawnor has no authority to pledge.

  • And if the Pawnee gets more amount than the due amount then such surplus is to be given back to Pawnor.

  • Parties ▇▇▇▇▇▇ is in this case Pawnor and bailee is called Pawnee Sec.

  • Pawnee is entitled to receive from Pawnor extraordinary expenses incurred for preservation of goods pledged Sec 175.

  • If the amount received from the sale of goods is less than the amount due then the rest amount can be recovered from Pawnor.

  • The ▇▇▇▇▇▇ in this case is called a Pawnor and the bailee is called Pawnee.

  • Pawnee is entitled to receive from Pawnor extraordinary expenses incurred for preservation of goods pledged Sec.