Ali pledges two items for one loan, makes part payment and sells one without consent. Which analysis applies both rules?
Kitab al-Rahn: Partial Repayment, Agency to Sell and Pledgee Rights
- Both items are released and the sale automatically effective
- The payment is ignored but the sale is effective
- The pledgee owns everything over the debt
- Debt decreases, security may remain and the sale is suspended