Practice question
What 1198(2) event concerns promised security?
- Every creditor’s unrelated preference for a new asset.
- Only payment of an electricity bill.
- Failure to furnish the promised guaranties or securities.
- Every valid early payment.
- No security promise is relevant.
Legal references
- Civil Code Articles1163-1166,1170,1179,1188-1190,1196-1198,1200-1205 and1211-1222: https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html
Answer this question in flashcards to review your response and continue practicing.