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The document outlines a memory matrix comparing four concepts: Basis of Difference, Pledge, Real Estate Mortgage, and Chattel Mortgage. It details the type of contracts, requirements to bind third parties, objects of contracts, rules regarding deficiency and excess of proceeds. Each concept is defined with specific legal stipulations and exceptions related to property and contracts.

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Casey Merencillo
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7 views1 page

06 Activity 1

The document outlines a memory matrix comparing four concepts: Basis of Difference, Pledge, Real Estate Mortgage, and Chattel Mortgage. It details the type of contracts, requirements to bind third parties, objects of contracts, rules regarding deficiency and excess of proceeds. Each concept is defined with specific legal stipulations and exceptions related to property and contracts.

Uploaded by

Casey Merencillo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ BM1808

MEMORY MATRIX

Fill in the matrix with information connected to the following concepts. (15 items x 2 points)
Basis of Difference Pledge Real Estate Mortgage Chattel Mortgage

Type of contract as > Real- by the delivery of the > Consensual - by mere consent > Formal - by registration of
to perfection object. of both parties. the contract the Chattel
Mortgage Registry.

Requirement to > It must be in a public > It must be registered in the > It must be accompanied by
bind third persons instrument showing a Registry of Property. an affidavit of good faith.
description of the thing pledged
and the date of the pledge.

Object of contract > All movables or personal > Immovables or real property > Movable or Personal
property > Alienable real rights property.
> Incorporeal rights

Rule as to deficiency > Deficiency can never be > Deficiency can be recovered > Deficiency can be
recovered even if there is a unless there is stipulation to the recovered unless there is
stipulation. Any stipulation for contrary. stipulation to the contrary.
recovery of deficiency is null Exception: in case of
and void. personal property sold in
Exception: Legal Pledge installments under Recto
Law.

Rule as to the excess > Excess belongs to the > Excess belongs to the > Excess belongs to the
pledgee-creditor unless there is mortgagor unless there is mortgagor unless there is
of proceeds
a stipulation to the contrary. stipulation to the contrary. stipulation to the contrary.
Exception: Legal Pledge

06 Activity 1 *Property of STI Page 1 of 1

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