Quick answer: Under the Personal Property Security Act, a security interest must first attach to collateral and then be perfected by the method the law recognizes. Registration is common, while possession or control applies to particular assets. Priority usually turns on the applicable PPSA priority rule and timing—not simply on which loan agreement was signed…
Quick answer: Republic Act No. 11057 provides a modern system for using personal property—such as equipment, inventory, receivables, deposit accounts, and other movable assets—as collateral. A security agreement creates the interest between the parties; perfection makes the security interest effective against third parties, commonly through registration, possession, or control. What the PPSA changes Concept Practical…
Quick answer: A real estate mortgage secures a principal obligation with immovable property. The mortgagor must own the property and have capacity to dispose of it. The mortgage should be recorded in the Registry of Deeds to bind third persons, and the lender cannot simply appropriate the property after default. Core validity checks Question Why…