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Home/Legislation/Factors Act 1892/sec.5

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Factors Act 1892

sec.5Pledge for antecedent debt

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### sec.5 Pledge for antecedent debt When a mercantile agent pledges goods as security for a debt or liability due from the pledgor to the pledgee before the time of the pledge, the pledgee shall acquire no further right to the goods than could have been enforced by the pledgor at the time of the pledge.

Previous sectionsec.4Effect of pledges of documents of title Next sectionsec.6Rights acquired by exchange of goods or documents

Section sec.5 - Factors Act 1892 - Pledge for antecedent debt — Zoe