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What is Pledge and Mortgage Provisions Explained about?

1. The document discusses the key elements and provisions of a pledge contract under Philippine law. A pledge is a contract where a debtor delivers property to a creditor or third party to secure a principal obligation. 2. Some essential elements of a pledge are that it secures a principal obligation, the pledgor must be the absolute owner of the property, and the pledgor must have the capacity and free disposal of the property. 3. Upon default of payment of the principal obligation, the creditor is enti

Author

fe rose sindingan

Language

EN