Article 2098
ELI5— what this means for you
The contract of pledge gives a right to the creditor to retain the thing in his possession or in that of a third person to whom it has been delivered, until the debt is paid.
Official text — RA 386
The contract of pledge gives a right to the creditor to retain the thing in his possession or in that of a third person to whom it has been delivered, until the debt is paid. (1866a)
Source: lawphil.net (RA 386 as amended)
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