Page 500 - Important Provisions of The New Civil Code

ANTICHRESIS

Article 2132. By the contract of antichresis the

creditor acquires the right to receive the fruits

of an immovable of his debtor, with the

obligation to apply them to the payment of the

interest, if owing, and thereafter to the principal

of his credit. (1881)

Article 2133. The actual market value of the

fruits at the time of the application thereof to

the interest and principal shall be the measure

of such application. (n)

Article 2134. The amount of the principal and

of the interest shall be specified in writing;

otherwise, the contract of antichresis shall be

void. (n)