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Pawn or Pledge

security for the debt, without any agreement that the pledge shall be retained therefor (this is called a novation in the Roman Law); (4) By extinguishing the debt, which also extinguishes the right to pledge; (5) By

Privies

of the lessor and lessee, or the parties to the contract or assignees upon a fresh contract or novation with the assignee. (5) Privies, in respect of estate and contract together, as where the lessee assigns his

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