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What is Contract of Pledge Overview about?

This document discusses Philippine laws related to pledges. Some key points: - For a pledge to be valid, the pledged item must be placed in possession of the creditor or a third party agreed upon by both parties. - Movable property and certain incorporeal rights can be pledged, as long as they are susceptible to possession. - For a pledge to be valid against third parties, a public instrument must describe the pledged item and date of pledge. - The creditor has a right to retain possession of the pledged

Author

GF Sotto

Language

EN