Text of the provision
Art. 1624. An assignment of creditors and other incorporeal rights shall be perfected in accordance with the provisions of article 1475.
(n)
Civil Code of the Philippines, Republic Act No. 386, approved June 18, 1949, effective August 30, 1950. Reproduced in full; verified verbatim against the LawPhil and ChanRobles official-text renderings.
What this article means
An assignment of credits and other incorporeal rights is perfected like a sale — by mere consent (Art. 1475). It is essentially the sale of a credit.
Questions about this provision
Related provisions
- Article 1623 — Thirty-Day Period; Written Notice.
- Article 1626 — Payment by the Debtor Before Notice.
Cases citing this article
- Dr. Rico Vargas Substituted By His Wife, Cecilia Vargas And Children, Namely: Richelle Josie Judy Vargas-castro, Arvee T. Vargas And Cecilia Vargas, vs. Jose F. Acsayan, Jr, G.R. No. 206780, March 20, 2019 — read the decision on LawPhil →
- Heirs of Jose Peñaflor vs. Heirs of Artemio and Lydia Dela Cruz, G.R. No. 197797, August 9, 2017 — read the decision on LawPhil →
- Edgar Ledonio vs. Capitol Devt. Corp, G.R. No. 149040, July 4, 2007 — read the decision on LawPhil →
- Tomas Ang vs. Associated Bank, et al, G.R. No. 146511, September 5, 2007 — read the decision on LawPhil →
Compiled automatically from Supreme Court decisions published on LawPhil that expressly cite this article, most frequently cited first. A listing means the decision cites the provision — it is not a statement that the case is the leading authority, and it does not show whether a ruling has since been modified or abandoned. Always read the decision itself.