Art. 2099.
The creditor shall take care of the the contrary, the pledge shall extend to the
thing pledged with the diligence of a good
father of a family; he has a right to the
reimbursement of the expenses made for its
preservation, and is liable for its loss or
deterioration, in conformity with the
provisions of this Code.
Obligations of creditor under the provision
To take care of the thing pledged
with a DILIGENCE OF A GOOD
FATHER OF A FAMILY
To be liable for the loss or
deterioration of the thing, except if
such loss or deterioration is due to
fortuitous event
Right of the creditor under the provision
Right of reimbursement of the expenses
he has incurred for the preservation of
the thing pledged
Art. 2100. The pledgee cannot deposit the
thing pledged with a third person, unless there
is a stipulation authorizing him to do so.
The pledgee is responsible for the acts of his
agents or employees with respect to the thing
pledged.
Obligations of pledgee under the provision
Not to deposit the thing pledged
with a third person, unless there is
a stipulation authorizing him to do
so
To be responsible for the acts of his
agents or employees with respect
to the thing pledged
Art. 2101. The pledgor has the same
responsibility as a bailor in commodatum in
the case under Article 1951.
Art. 2102. If the pledge earns or produces
fruits, income, dividends, or interests, the
creditor shall compensate what he receives
with those which are owing him; but if none
are owing him, or insofar as the amount may
exceed that which is due, he shall apply it to
the principal. Unless there is a stipulation to
interest and earnings of the right pledged.
In case of a pledge of animals, their offspring
shall pertain to the pledgor or owner of
animals pledged, but shall be subject to the
pledge, if there is no stipulation to the
contrary.
Extent of pledge
The thing pledged
The fruits, income, dividends, or
interests earned or produced by the
thing pledged unless there is a
stipulation excluding them
The offspring, when the thing
pledged is an animal, unless there is
a stipulation excluding them
Art. 2103. Unless the thing pledged is
expropriated, the debtor continues to be the
owner thereof.
Nevertheless, the creditor may bring the
actions which pertain to the owner of the thing
pledged in order to recover it from, or defend
it against a third person
Art. 2104. The creditor cannot use the thing
pledged, without the authority of the owner,
and if he should do so, or should misuse the
thing in any other way, the owner may ask
that it be judicially or extrajudicially deposited.
When the preservation of the thing pledged
requires its use, it must be used by the creditor
but only for that purpose.
Cases where the pledgee may use the thing
pledged:
When the use of the thing is
authorized by the owner
When the use of the thing is
required for its preservation
Cases where the owner may ask that the thing
pledged be deposited judicially or
extrajudicially:
if the creditor uses the thing
without authority
 if he misuses the thing in any other
way; or
if the thing is in danger of being lost
or impaired because of the
negligence or willful act of the
pledgee
Art. 2105. The debtor cannot ask for the return
of the thing pledged against the will of the
creditor, unless and until he has paid the debt
and its interest, with expenses in a proper
case.
Obligations of the debtor under the provision
not to ask for the return of the
thing pledged against the will of the
creditor until he has paid the debt
and its interest
to pay the debt secured and its
interest, with expenses in proper
case
Pledgee- right to cause the same to
be sold at a public sale
Requisites for application of the provision:
The pledgor has reasonable
grounds to fear the destruction or
impairment of the thing pledged
There is no fault on the part of the
pledgee
The pledgor is offering in place of
the thing, another thing in pledge
which is of the same kind and
quality as the former
The pledge does not choose to
exercise his right to cause the thing
pledged to be sold at public auction

Art. 2106. If through the negligence or willful

act of the pledgee, the thing pledged is in
danger of being lost or impaired, the pledgor
may require that it be deposited with a third
person.

Art. 2107. If there are reasonable grounds to

fear the destruction or impairment of the thing
pledged, without the fault of the pledgee, the
pledgor may demand the return of the thing,
upon offering another thing in pledge,
provided the latter is of the same kind as the
former and not of inferior quality, and without
prejudice to the right of the pledgee under the
provisions of the following article.

The pledgee is bound to advise the pledgor,

without delay, of any danger to the thing
pledged.

Remedies for right of pledger to substitute thing

pledged:
Pledgor- right to demand the return
of the thing pledged upon offering
another thing in pledge