Cession and Pledge of Goods

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R145.00 ZAR

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Cession and Pledge of Goods

Summary

This Cession and Pledge of Goods can be used where a debt is owed or may in the future be owed by a person, and additional security is required. By signing this Cession and Pledge of Goods, the debtor transfers to the creditor the right to the goods being ceded or pledged should the debtor default. The goods may include, for example, shares, Kruger Rands, or an investment account.

More information

Why do I need a Cession and Pledge of Goods?

The Cession and Pledge of Goods gives you as the creditor additional security. In the event that the debtor defaults in payment, you can use this Cession and Pledge of Goods to claim any goods that the debtor has ceded / pledged in terms of this agreement.

What type of business should use a Cession and Pledge of Goods?

If your business has debtors that owe money, this Cession and Pledge of Goods can be used to reduce your risk in the debtor defaulting.

What does the Cession and Pledge of Goods look like?

The Cession can be printed onto one A4 page.

What do you need to do to use the Cession and Pledge of Goods?