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Goods Act 1958
70Pledge for antecedent debt
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70 Pledge for antecedent debt
Where a mercantile agent pledges goods as security for a debt or demand due and owing by 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.
No. 3694 s. 69.