Retention of pledged goods: pawnee cannot retain them for unrelated debts; contract for subsequent advances is presumed. Pawnee shall not retain goods pledged for any debt or promise other than that for which they were pledged; however, in the absence of contrary agreement, a contract securing subsequent advances by the pawnee is presumed, so later advances are ordinarily treated as within the pledge.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Retention of pledged goods: pawnee cannot retain them for unrelated debts; contract for subsequent advances is presumed.
Pawnee shall not retain goods pledged for any debt or promise other than that for which they were pledged; however, in the absence of contrary agreement, a contract securing subsequent advances by the pawnee is presumed, so later advances are ordinarily treated as within the pledge.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.