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The pledge is a type of security interest. [4] [5] Pledge is the pignus of Roman law, from which most of the modern European-based law on the subject is derived, but is generally a feature of even the most basic legal systems. [3] A pledge of personal property is known as a pawn.
Bailment is distinguished from a contract of sale or a gift of property, as it only involves the transfer of possession and not its ownership.To create a bailment, the bailee must both intend to possess, and actually physically possess, the bailable chattel for example a car mechanic business when a car has been dropped off for repair.
Agreements interfering marital duties: Any agreement which interfere with performance of marital duty is void being opposed to public policy. An agreement between husband and wife that the wife will never leave her parental house. Consideration may take in any form-money, goods, services, a promise to marry, a promise to forbear etc.
A pledge and a contractual lien both depend upon the delivery of possession to the creditor. The difference between them is that in the case of a pledge the owner delivers possession to the creditor as security, whereas in the case of a lien the creditor retains a right of possession of goods previously delivered to him for some other purpose.
A bail bondsman, bail bond agent or bond dealer is any person, agency or corporation that will act as a surety and pledge money or property as bail for the appearance of a defendant in court. Bail bond agents are almost exclusively found in the United States because the practice of bail bonding is illegal in most other countries.
South African contract law is "essentially a modernized version of the Roman-Dutch law of contract", [1] and is rooted in canon and Roman laws. In the broadest definition, a contract is an agreement two or more parties enter into with the serious intention of creating a legal obligation.
Italy's Prime Minister Giorgia Meloni said on Thursday an investigation targeting her over the release of a Libyan war crimes suspect was bad publicity that could push away much-needed foreign ...
Ames regarded the action of detinue as essentially an action based upon contract, having its foundation in bailment. [17] [18] [19] Ames' point is that the action was a means of enforcing an agreement which was recognized by the law. This argument represents the realization of a theory of contract in detinue.
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