- Statute
- Civil Code
- Article
- Art. 2099
- Topic
- Pledge
- Status
- In force
- Book
- BOOK IV Obligations and Contracts
- Title
- TITLE XVI PLEDGE, MORTGAGE AND ANTICHRESIS
- Chapter
- CHAPTER 2 Pledge
- Formerly
- Art. 1867 of the old Civil Code
- Year
- 1949
- Cited by
- A Supreme Court decision
The provision
The creditor shall take care of the thing pledged with the diligence of a good father of a family; he has a right to the reimbursement of the expenses made for its preservation, and is liable for its loss or deterioration, in conformity with the provisions of this Code. (1867)
Intellegal Wiki · In plain terms
A creditor holding a thing in pledge must look after it with the care of a good father of a family (ordinary prudence). In return, the creditor may be reimbursed for expenses spent preserving the item, but is also answerable for its loss or deterioration under the Code's rules.
An editorially maintained plain-language explanation of this provision — not legal advice.
Cases applying this article
- Roberto C. Sicam v. Lulu V. Jorge G.R. No. 159617
Related provisions in this Chapter
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