Practice question
A valid subrogation covers an existing credit secured by a mortgage, with no limiting stipulation. Under Article 1303, what is transferred?
- Only a courtesy right to ask for information.
- Only ownership of the paper receipt, never the credit.
- The credit and its appertaining rights, including the applicable security rights.
- All unrelated property of the original creditor.
- The debtor’s identity and every personal duty.
Legal references
- https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html — Civil Code, articles 1236–1237 and 1300–1304.
Answer this question in flashcards to review your response and continue practicing.