Civil Code Art. 2119: Pledge

Statute: Civil Code
Article: Art. 2119
Topic: Pledge
Status: In force
Book: BOOK IV Obligations and Contracts
Title: TITLE XVI PLEDGE, MORTGAGE AND ANTICHRESIS
Chapter: CHAPTER 2 Pledge
Year: 1949
Cited by: 1 Supreme Court decision in the Intellegal corpus

The provision

If two or more things are pledged, the pledgee may choose which he will cause to be sold, unless there is a stipulation to the contrary. He may demand the sale of only as many of the things as are necessary for the payment of the debt. (n) ARTICLE 2120. If a third party secures an obligation by pledging his own movable property under the provisions of article 2085 he shall have the same rights as a guarantor under articles 2066 to 2070, and articles 2077 to 2081. He is not prejudiced by any waiver of defense by the principal obligor. (n)

Cases applying this article

Paray v. Rodriguez G.R. No. 132287

Civil Code, Art. 2119 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).

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