In the absence of an assumption by the pledgee, the existence of a pledge does not impose upon the pledgee liability for the pledgor's acts or omissions, nor does it bind the pledgee to perform the pledgor's obligations.
Article 3167 active cc book
Pledgee not bound for pledgor's obligations ACTIVE
Actions
References
None.
Cited by
None.
History
- enactment Acts 2014, No. 281, §1, eff. Jan. 1, 2015