Article 1511
ELI5— what this means for you
A document of title which is not in such form that it can be negotiated by delivery may be transferred by the holder by delivery to a purchaser or person receiving the donation.
Official text — RA 386
A document of title which is not in such form that it can be negotiated by delivery may be transferred by the holder by delivery to a purchaser or donee. A non-negotiable document cannot be negotiated and the indorsement of such a document gives the transferee no additional right. (n)
Source: lawphil.net (RA 386 as amended)
Related
RELATED RIGHTS
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