PLEDGE WITH LIMITED

INTEREST

In the case of Urban Bank v

SECTION 179 of Indian Satyapromoda
Contract Act
A pledge the goods to B for
Rs.5000 and B makes a sub-
 Person having limited
pledge of those goods for
interest in the goods
Rs.8000, A gets a right to take
 The pledge is valid to the
back those goods by paying
extent of that interest
Rs. 5000 only.
PLEDGE BY SELLER IN POSSESSION
AFTER SALE.

Section 30(1) of Sale of goods Act

 A seller after selling goods if continuous the

possession of the goods or other document of title in
respect of that goods pledge that good to someone
else.
 The pledgee has the title for such goods provided that
the pledge is acting in good faith.
 The pledgee has no notice of previous sale.