Question: 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

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

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Law Questions!