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    <title>1958 (4) TMI 118 - CALCUTTA HIGH COURT</title>
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    <description>Continued operation of the overdraft, further advances, repeated account confirmations, and no timely objection were treated as conduct from which assent to revised interest terms could be inferred, so liability under the implied agreement was established. Under the law of pledge, a pawnee may sell pledged goods only after giving a reasonable notice that remains effective for the intended sale; once later dealings altered the position, a fresh notice was required before subsequent sales. Sales made before the notice period expired, and later hurried sales without a fresh notice, were therefore treated as invalid.</description>
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    <pubDate>Wed, 02 Apr 1958 00:00:00 +0530</pubDate>
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      <title>1958 (4) TMI 118 - CALCUTTA HIGH COURT</title>
      <link>https://www.taxtmi.com/caselaws?id=197625</link>
      <description>Continued operation of the overdraft, further advances, repeated account confirmations, and no timely objection were treated as conduct from which assent to revised interest terms could be inferred, so liability under the implied agreement was established. Under the law of pledge, a pawnee may sell pledged goods only after giving a reasonable notice that remains effective for the intended sale; once later dealings altered the position, a fresh notice was required before subsequent sales. Sales made before the notice period expired, and later hurried sales without a fresh notice, were therefore treated as invalid.</description>
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