Pledge as security: goods delivered as collateral create a pawnor-pawnee bailment relationship under the statute. The bailment of goods as security for payment of a debt or performance of a promise is termed pledge; the bailor in such bailment is called the pawnor and the bailee is called the pawnee.
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Provisions expressly mentioned in the judgment/order text.
Pledge as security: goods delivered as collateral create a pawnor-pawnee bailment relationship under the statute.
The bailment of goods as security for payment of a debt or performance of a promise is termed pledge; the bailor in such bailment is called the pawnor and the bailee is called the pawnee.
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