Answered step by step
Verified Expert Solution
Question
1 Approved Answer
PLEDGE: Provisions Applicable Only to Pledge 3. D, pledgorfdebtor, and C, pledgeer'creditor. The contract of pledge of jewelry was put in writing signed by them.
PLEDGE: Provisions Applicable Only to Pledge 3. D, pledgorfdebtor, and C, pledgeer'creditor. The contract of pledge of jewelry was put in writing signed by them. Subsequently, D sold to T the jewelry now in the possession of C. The jewelry was previously offered for sale to T before the pledge. May T recover the jewelry from C? 4. Same parties. C caused the sale at public auction of the jewelry for only P20,000.00. The indebtedness of Dis P25,000.00. Their agreement is that C may recover the difference. ls D still liable for P5,000.00? 5. Same parties. The jewelry is later found in D's possession. D claims that C returned the jewelry after he paid his obligation and, therefore, both his obligation and the pledge are extinguished. C disputes D's allegations. Decide
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started