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If the pawnor makes a default in payment of debt, at the stipulated time of promise

After the pawnor defaults, the pawnee may sell the pledged goods after giving reasonable notice of the intended sale. Section 176 also permits the pawnee to sue for the debt…

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If the pawnor makes a default in payment of debt, at the stipulated time of promise

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After the pawnor defaults, the pawnee may sell the pledged goods after giving reasonable notice of the intended sale. Section 176 also permits the pawnee to sue for the debt while retaining the goods as collateral security. The requirement of notice distinguishes the statutory sale power from an unrestricted right to dispose of the pledge.

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