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  • Pledge

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    Sarah Tarala Moscosa
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    A debtor delivers to the creditor or a third person a movable or personal property, or document evidencing incorporeal rights, to secure the fulfillment of a principal obligation. When the obligation is satisfied, the thing delivered shall be returned to the pledgor with all its fruits and accessions.

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    A debtor delivers to the creditor or a third person a movable or personal property, or document evidencing incorporeal rights, to secure the fulfillment of a principal obligation. When the obligation is satisfied, the thing delivered shall be returned to the pledgor with all its fruits and accessions.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
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    23 views1 page

    Pledge

    Uploaded by

    Sarah Tarala Moscosa
    A debtor delivers to the creditor or a third person a movable or personal property, or document evidencing incorporeal rights, to secure the fulfillment of a principal obligation. When the obligation is satisfied, the thing delivered shall be returned to the pledgor with all its fruits and accessions.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    PLEDGE

    An accessory contract whereby a debtor delivers to the creditor or a third


    person a movable or personal property, or document evidencing incorporeal
    rights, to secure the fulfillment of a principal obligation with the condition
    that when the obligation is satisfied, the thing delivered shall be returned to
    the pledgor with all its fruits and accessions, if any.

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