Civil Code Art. 2247: Order of Preference of

Statute: Civil Code
Article: Art. 2247
Topic: Order of Preference of Credits
Book: BOOK IV Obligations and Contracts
Title: TITLE XII CONCURRENCE AND PREFERENCE OF CREDITS
Chapter: CHAPTER 3 Order of Preference of Credits
Formerly: Art. 1926a of the old Civil Code
Year: 1949

The provision

If there are two or more credits with respect to the same specific movable property, they shall be satisfied pro rata, after the payment of duties, taxes and fees due the State or any subdivision thereof. (1926a)

Cases applying this article

Commissioner of Internal Revenue v. National Labor Relations Commission G.R. No. 74965

Civil Code, Art. 2247 is found in CHAPTER 3 Order of Preference of Credits of TITLE XII CONCURRENCE AND PREFERENCE OF CREDITS of BOOK IV Obligations and Contracts of the Civil Code of the Philippines (Republic Act No. 386).

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