194. Pledges by sellers and buyers of goods.

Where a seller of goods is in possession of them after the sale and delivers them under a pledge, the pledge has effect, if the goods are received in good faith and without notice of the sale, as if the owner of the goods had expressly authorised their delivery1. Protection is similarly afforded where a buyer, having bought or agreed to buy goods, obtains possession of them with the seller's consent and delivers them under a pledge