Civil Code Art. 2093: Pledge

Statute: Civil Code
Article: Art. 2093
Topic: Pledge
Book: BOOK IV Obligations and Contracts
Title: TITLE XVI PLEDGE, MORTGAGE AND ANTICHRESIS
Chapter: CHAPTER 2 Pledge
Formerly: Art. 1863 of the old Civil Code
Year: 1949

The provision

In addition to the requisites prescribed in article 2085, it is necessary, in order to constitute the contract of pledge, that the thing pledged be placed in the possession of the creditor, or of a third person by common agreement. (1863)

Cases applying this article

Johnny K. Lima v. Transway Sales Corporation G.R. No. 106770

Related provisions in this Chapter

Civil Code, Art. 2099 Pledge
Civil Code, Art. 2115 Pledge

Civil Code, Art. 2093 is found in CHAPTER 2 Pledge of TITLE XVI PLEDGE, MORTGAGE AND ANTICHRESIS of BOOK IV Obligations and Contracts of the Civil Code of the Philippines (Republic Act No. 386).

Browse the Civil Code

Continue your research on Intellegal

Search Philippine statutes on Intellegal →

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 Provisions may have been amended or repealed.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.