Discuss the ways in which a pawn can be redeemed

The pawn or is entitled to redeem the goods pawned within the stipulated time or if no time is fixed, within a reasonable time after demand for payment has been made.
• If the pawn or does not redeem, the pawnbroker has a right to sell the articles pawned, However, any excess obtained sale must be handed over to the pawn or.
• Every pledge is redeemable within 6 months, with seven days of grace olded.
• After this period, pledges pawned for sixty shillings or less become the property of the pawnbroker.
• A pawn is generally redeemable payment of the amount due to the Pawnee.



(Visited 4 times, 1 visits today)
Share this on:

Leave a Reply

Your email address will not be published. Required fields are marked *