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Pledge Ownership and Extinguishment Cases

This document contains 7 cases related to pledges and collateral. Each case presents a scenario and asks a question. The scenarios involve things like grapes, cars, jewelry being pledged as collateral for loans. The questions ask about who owns assets if collateral is sold, whether a pledge is still active if possession changes hands, and whether the pledgor or pledgee can bid if collateral is auctioned.

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Rhean Scott
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198 views2 pages

Pledge Ownership and Extinguishment Cases

This document contains 7 cases related to pledges and collateral. Each case presents a scenario and asks a question. The scenarios involve things like grapes, cars, jewelry being pledged as collateral for loans. The questions ask about who owns assets if collateral is sold, whether a pledge is still active if possession changes hands, and whether the pledgor or pledgee can bid if collateral is auctioned.

Uploaded by

Rhean Scott
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Case 1

Pedro pledge grapes with Juan. Because the grapes were in danger of being spoiled, Juan sold them for 1,000.
Who owns the 1,000.00?

Answer:

Case 2
Leopoldo pledged with Virginia a car to secure a loan of P10,000. It was agreed that after a month Virginia
would return the car although the debt would be paid in six months. It was also agreed that although
Leopoldo would once more be in possession of the car, the pledge would continue. After a month as
stipulated, Virginia returned the car .Has the pledge been extinguished?

Answer:

Case 3
Angela pledged with Betty a diamond ring. A week later, the diamond ring was found in the possession of
Angela. There is a presumption here that Betty has returned the diamond ring to Angela that therefore the
pledge has been extinguished. May this presumption be opposed?

Answer:

Case 4
Annie pledge her diamond ring with Betty the debt was not paid on time, and a public auction took place. Can
Annie bid? Can Betty bid?

Answer:

Case 5
Anselmo borrowed from Benjamin 1,000. This was secured by a negotiable promissory note made by Carlos in
Favor of Anselmo to the amount of P1,900. The negotiable promissory note was endorsed by Anselmo in
Benjamin’s favor. If the note becomes due before it is redeemed, can Benjamin collect and received the
1,900?

Answer:

Case 6
Anita pledged pieces of jewelry to the Barabara on a loan of P10,000. Unable to pay. Barabara sold the jewelry
at a public auction but realized only P6,000. May she recover the deficiency from Anita?

Answer:

Case 7
Alexander pledged with Bernardo his diamond ring. Benardo took possession of the ring. Later, although the
principal obligation had not been paid, Bernardo wrote on a private document that he was renouncing the
pledge. Alexander did not accept the renunciation and the ring retained in Bernardo’s possession.

1. Has the pledge beer extinguished?


2. Suppose instead of writing a letter, Bernardo returned the ring to Alexander. What is the status of the
pledge?
Answer:

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