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handle is hein.ali/relwsec0503 and id is 1 raw text is: The American Law Institute
Tentative Draft No. 1
Questions Suggested for Discussion at
the Fifteenth Annual Meeting
May 6-8, 1937
Discussion is not confined to the questions pre-
sented here. You are earnestly requested to raise any
further points which occur to you.
1. § 1. Should the definition of pledge he stated
as written, or should the purpose of pledge merely be
stated as for security, or should the word act be
substituted for the word duty, or should the pur-
pose of a pledge be stated as securing the payment
of a debt, the performance of some other duty, or dis-
charging a liability, or should some different revi-
sion be adopted?
2. § 1. Should the statement of the purpose of
pledge be revised to cover unmistakably a transaction
where there is no personal obligation to the pledgee,
for example, by substituting performance of some
act for performance of some other duty, by stat-
ing the purpose as securing the payment of a debt,
the performance of some other duty as the discharge
of a liability, or by some other change in languagel
3. § 1. Should the definition be broadened to
make a pledge include an assignment of a chose in
action as security oven if the chose in action is not

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