ABSTRACT

Section 21(2)(b) provides that nothing in the Act affects the validity of any contract of sale under any special common law or statutory power of sale, or under the order of a court of competent jurisdiction. There are many such situations. At common law, goods may be sold by a person to whom they have been pledged, though if the agreement is a regulated agreement within the scope of the Consumer Credit Act, there are statutory restrictions on the exercise of the power if the goods pawned are worth more than £15. An agent of necessity also has a power of sale.