Civil Code Art. 2140: Chattel Mortgage

Statute: Civil Code
Article: Art. 2140
Topic: Chattel Mortgage
Book: BOOK IV Obligations and Contracts
Title: TITLE XVI PLEDGE, MORTGAGE AND ANTICHRESIS
Chapter: CHAPTER 5 Chattel Mortgage
Year: 1949

The provision

By a chattel mortgage, personal property is recorded in the Chattel Mortgage Register as a security for the performance of an obligation. If the movable, instead of being recorded, is delivered to the creditor or a third person, the contract is a pledge and not a chattel mortgage. (n)

Cases applying this article

Susana Salido v. Court of Appeals G.R. No. 76671

Civil Code, Art. 2140 is found in CHAPTER 5 Chattel Mortgage 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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