Article 2124

RA 386 · Civil Code of the PhilippinesKey provision

ELI5— what this means for you

Only the following property may be the object of a contract of mortgage: (1) Immovables; (2) Alienable real rights in accordance with the laws, imposed upon immovables.

Official text — RA 386

Only the following property may be the object of a contract of mortgage:

(1) Immovables;

(2) Alienable real rights in accordance with the laws, imposed upon immovables.

Nevertheless, movables may be the object of a chattel mortgage. (1874a)

Source: lawphil.net (RA 386 as amended)

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