RIGHT OF PLEDGEE TO DEMAND SUBSTITUTE OR IMMEDIATE PAYMENT

Category: Obligations and Contracts

RIGHT OF PLEDGEE TO DEMAND SUBSTITUTE OR IMMEDIATE PAYMENT

Art.  2109.  If  the  creditor  is  deceived  on  the  substance  or quality  of  the  thing  pledged,  he  may  either  claim  another thing  in  its  stead,  or  demand  immediate  payment  of  the principal obligation. (n)

1.   To claim another thing in pledge, and
2.   To demand immediate payment of the principal obligation

>  The  abovementioned  are  alternative  remedies—to  choose only one but not both