Civil Code Art. 1625: Assignment of Credits

Statute: Civil Code
Article: Art. 1625
Topic: Assignment of Credits and Other Incorporeal Rights
Status: In force
Book: BOOK IV Obligations and Contracts
Title: TITLE VI SALES
Chapter: CHAPTER 8 Assignment of Credits and Other Incorporeal Rights
Formerly: Art. 1526 of the old Civil Code
Year: 1949
Cited by: Multiple Supreme Court decisions

The provision

An assignment of a credit, right or action shall produce no effect as against third persons, unless it appears in a public instrument, or the instrument is recorded in the Registry of Property in case the assignment involves real property. (1526)

Intellegal Wiki · In plain terms

An assignment of a credit, right, or claim has no effect against third persons unless it is set out in a public instrument. If the assignment involves real property, it must also be recorded in the Registry of Property to bind third parties.

An editorially maintained plain-language explanation of this provision — not legal advice.

Cases applying this article

Mindanao Savings v. Edward Willkom; Gilda Go; Remedios Uy; Malayo Bantuas G.R. No. 178618
Sps. Antonio & Leticia Vega v. Social Security System (Sss) & Pilar Development Corporation G.R. No. 181672
Rosario v. Pci Leasing G.R. No. 139233
Bangko Sentral Ng Pilipinas v. Agustin Libo-On G.R. No. 173864
Bienvenido C. Teoco v. Metropolitan Bank G.R. No. 162333
Edgar Ledonio v. Capitol Development Corporation G.R. No. 149040

Related provisions in this Chapter

Civil Code, Art. 1626 Assignment of Credits and Other Incorporeal Rights
Civil Code, Art. 1624 Assignment of Credits and Other Incorporeal Rights
Civil Code, Art. 1628 Assignment of Credits and Other Incorporeal Rights
Civil Code, Art. 1629 Assignment of Credits and Other Incorporeal Rights

Civil Code, Art. 1625 is found in CHAPTER 8 Assignment of Credits and Other Incorporeal Rights of TITLE VI SALES of BOOK IV Obligations and Contracts of the Civil Code of the Philippines (Republic Act No. 386).

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Reviewed by the Intellegal Legal Team for currency against amending laws and Supreme Court jurisprudence.

Research aid — not legal advice. Verify the current text against the Official Gazette. Provisions may have been amended or repealed. Using this page creates no attorney-client relationship. For legal advice, consult a Philippine lawyer.