Ways in which a pawn can be redeemed

  1. The pawnor 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.
  2. If the pawnor does not redeem, the pawnbroker has a right to sell the articles pawned, However, any excess obtained sale must be handed over to the pawnor.
  3. Every pledge is redeemable within 6 months, with seven days of grace olded.
  4. After this period, pledges pawned for sixty shillings or less become the property of the pawnbroker.
  5. A pawn is generally redeemable payment of the amount due to the Pawnee.

Revision kits and past papers with answers

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