"The 'credit' of an individual means his ability to borrow money by virtue of the confidence or trust reposed by a lender that he will pay what he may promise."
Justice George A. Malcolm, People v. Concepcion, 44 Phil. 126 (1922).

11.08.2011

Security Transactions: Pledge and Mortgage

A. General Concepts
      Art. 2085, Art. 2087
B. Obligations Secured
      Art. 2086, Art. 2052, Art. 209
C. Contract to Pledge or to Mortgage
      Art. 2092
D.  Remedies of Pledgee and Mortgagee
E. Indivisibility of a Pledge or Mortgage
      Art. 2089, Art. 2090
F. Pactum Commissorium
      Art. 2087, Art. 2088
      1.  Elements
      2.  Effect on Pledge or Mortgage
Development Bank of the Philippines v. Court of Appeals, G.R. No.118342, January 5, 1998, 284 SCRA 14.
Bustamante v. Rosel, G. R. No. 126800, November 29, 1999, 319 SCRA 413.
Ong v. Roban Lending Corporation, G.R. No. 172592, July 9, 2008, 557 SCRA 516.
G. Equitable Mortgage
      Art. 1602 to 1605

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