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Article 1507

RA 386 · Civil Code of the Philippines

ELI5— what this means for you

A document of title in which it is stated that the goods referred to therein will be delivered to the bearer, or to the order of any person named in such document is a negotiable document of title.

Official text — RA 386

A document of title in which it is stated that the goods referred to therein will be delivered to the bearer, or to the order of any person named in such document is a negotiable document of title. (n)

Source: lawphil.net (RA 386 as amended)

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