Law 121
University of San Francisco
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PLEDGE, MORTGAGE AND ANTICHRESIS 
Provisions Common to Pledge and Mortgage 
Common requisites of pledge and mortgage 
1. That they be constituted to secure the fulfillment of a principal obligation. 
The principal obligation must be a valid obligation, as a rule, because being accessory 
contracts, pledge and mortgage owe their existence upon the principal obligation. However, 
a pledge or mortgage may secure: 
a. All kinds of obligations, whether pure or subject to a suspensive or resolutory co...
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