Article 2087
RA 386 · Civil Code of the PhilippinesKey provision
ELI5— what this means for you
It is also of the essence of these contracts that when the principal obligation becomes due, the things in which the pledge or mortgage consists may be alienated for the payment to the creditor.
Official text — RA 386
It is also of the essence of these contracts that when the principal obligation becomes due, the things in which the pledge or mortgage consists may be alienated for the payment to the creditor. (1858)
Source: lawphil.net (RA 386 as amended)
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