All persons shall not have the right to pledge property; and if any
freeborn person should seize a pledge belonging to another, and which
he has refused to accept as such, he shall be compelled to pay double
its value. A slave, however, shall be required to restore only the
pledge, and shall receive a hundred lashes.
=ANCIENT LAW.=
=II. Where Pledges are Deposited and afterwards Stolen.=
Where anyone deposits a pledge with another, as security for a debt,
and it should be stolen, he who deposited it shall bear the loss.
=ANCIENT LAW.=
=III. Where Articles are Pledged as Security for Debts.=
If a pledge is deposited as security for a debt, and the debt be
evidenced by an instrument in writing, and he who deposited the
pledge should not pay the debt at the appointed time, the pledge
shall be kept safely for its owner for the space of ten days, or it
shall be carried to him, if he is at hand, and he shall be notified
to make payment. But if the debtor should, through negligence, fail
to come on the appointed day, or should put off the payment of the
debt, additional interest may be collected. But if the ten days have
elapsed, as has been hereinbefore stated, and the debtor should not
discharge his obligation, the creditor may bring the article pledged
before the judge, or the governor of the city, and shall have the right
to collect, after the seizure of said pledge, whatever amount may be
deemed equitable, in the opinion of the judge or in that of three
respectable persons. The creditor can afterwards reserve whatever is
due him from the proceeds of the sale of the property pledged, and the
owner of the same shall be entitled to the remainder.
=FLAVIUS RECESVINTUS, KING.=
=IV. Where a Pledge is not Restored when the Debt is Paid.=
If anyone who has loaned money upon a pledge and, after the
debt has been paid at the time appointed, should delay the
restoration of the property pledged to its owner; or should sell
the same before the time appointed by law, as aforesaid; or
should appropriate it for his own use; or should bestow it upon
another; or should maliciously refuse to surrender it; he shall
be compelled to restore the pledge intact to its owner, and to
pay him, in addition, half its estimated value.[31] ]-----File:
=FLAVIUS CHINTASVINTUS, KING.=
=V. Where a Person is Liable for many Debts, or has Committed many
Crimes.=
Public-domain text, read in full here on John Shaqi.
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