Article 2113

RA 386 · Civil Code of the PhilippinesKey provision

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At the public auction, the pledgor (person giving collateral) or owner may bid.

Official text — RA 386

At the public auction, the pledgor or owner may bid. He shall, moreover, have a better right if he should offer the same terms as the highest bidder.

The pledgee may also bid, but his offer shall not be valid if he is the only bidder. (n)

Source: lawphil.net (RA 386 as amended)

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