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FACTORS ACT 1889 - SECT 4

Pledge for antecedent debt.

4. Where 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.

© 1889 Crown Copyright

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