Page 498 - Important Provisions of The New Civil Code

Article 2094. All movables which are within

commerce may be pledged, provided they are

susceptible of possession. (1864)

Article 2124. Only the following property may

be the object of a contract of mortgage:

(1) Immovables;

(2) Alienable real rights in accordance with

the laws, imposed upon immovables.

Nevertheless, movables may be the object of a

chattel mortgage. (1874a)