answersLogoWhite

0


Best Answer

This will typically be two parties, the person pawning the item and the pawn shop estimator who will be lending the money. A pawn shop deal is designed to trade an item temporarily for a loan. In most cases the person who pawned the item never comes back so the pawn shop will sell to a third party at some future date. It is this reason that the person pawning the item will not receive what its actually worth.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Who are the parties involved in the transaction of pawnshop?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How many Parties are involved in hire purchase transaction?

check


What is an affidavit of sale?

An affidavit of sale or bill of sale is a document that records a transaction. All parties involved in the transaction must sign this document.


How many parties are involved in a transaction?

Most contracts are between two parties. It is not uncommon for there to be more than two involved. Three party contracts are very common. There technically is no limit to the number of parties to a contract.


What is the purpose for having incoterms?

Incoterms specify the terms of sale, ownership, and liability between the parties involved in a transaction.


How is escrow involved in the buying or selling of a home?

An escrow is a third party that oversees the transaction of buying or selling a home. Essentially it ensures that the transaction happens smoothly and both parties are satisfied.


Why is it important to use system of units?

It is so that, in most transactions, both parties involved in the transaction know exactly what is being traded.


What is 3rd party advertising?

someone other than the parties directly involved in the action or transaction; outsider with no legal interest in the matter.


What costs are the responsibility of the seller in a real estate transaction?

A real estate transaction is negotiated, which means the costs can be split up any way that the parties agree. Typically in the US the negotiation starts with the seller offering to pay commissions for both agents involved in the transaction, but there is nothing that requires this to be the case and the parties can agree to something different if they choose.


What does a financial intermediary do?

A financial intermediary is a title given to a person that works in the financial world. Their job is basically to act as the middleman between parties that are involved in a financial transaction.


What is a sentence for pawnshop?

She met her love at a pawnshop.


What are the issues adressed in a business transaction?

The transaction is a reliable way of communication or interaction. The only thing is to ensure that the resources of the completion of the transaction may not in itself a risk of fraud or loss leading to one of the parties to the transaction.


What is the possessive form of Nita pawnshop?

The possessive forms are either, Nita's pawnshop or Nita Pawnshop's, depending on context. Example:You will find Nita's pawnshop on the next block.Nita Pawnshop's sign was damaged in the storm.