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In the pledge, the pledgee must treat the property with reasonable care. The property may be repledged to a third party on terms which do not impair the debtor’s right to get the property back. In the event of default by the pledger, the pledgee may sell the property after proper notice to the pledger. The pledgee has the right to make either a public or a private sale. However, the pledgee must act in good faith and in a manner, which is commercially reasonable. If the amount received, after the deduction of expenses and interest, is more than the amount of the debt, the excess must be paid to the pledger. If the amount is less, the difference still must be paid by the pledger. Upon performance of the obligation, the pledger has a right to the return of the property.