Where goods are pawned1, the pawnee has the right to their possession and, until the money for which the pledge is a security is tendered or paid, is the only person who can sue in conversion2. A claim by the pawnee to be the absolute owner of the goods pawned does not excuse the pawnor from the necessity of tendering the amount due, and does not revest in him the right to the immediate possession of the goods without payment or tender of the amount due3.
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