The pledgor and pledgee may agree that a modification or termination of the contract from which a pledged obligation of a third person arises, or the substitution of a new contract, is a default by the pledgor.
Article 3166 active cc book
Modification as default by pledgor ACTIVE
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References
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Cited by
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History
- enactment Acts 2014, No. 281, §1, eff. Jan. 1, 2015