Pignus (Pledge)

Pignus was a contract in which a debtor delivered a thing to his creditor as security for the debt. The delivery of the property gave rise to the obhgation on the part of the pledgee to return it upon the payment of the debt. This was a ri^ht of the pledgor against the pledgee personally (in personam), and the pignus belonged to the law of contracts only in respect of this personal obligation. The creditor had also certain real rights in the thing pledged, and in this respect the pignus was an important step in the law of mortgage.

The contract of pignus was a bona fidei negotinm. The contract was for the benefit of both parties, of the pledgor (debtor) because he thereby obtained credit, of the pledgee (creditor) because he obtained security. Hence both parties were responsible for the highest care (omnis diligentia) . The pledgee was bound to return the property upon payment of the debt, or, in case he exercised the right of sale (which he might do if the debt was not paid), to pay to the pledgor the balance of the proceeds after paying himself the amount of the debt. The pledgor was bound to compensate the pledgee for expenses in connection with the custody of the thing pledged. To enforce their respective rights, the pledgor had an actio pignoraticia directa, and the pledgee an actio pignoraticia contraria.

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Effects of Marriage with Manus

Slavery by Birth

Mandate (Mandatum)