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Contents

Article 351. Early Performance of an Obligation Secured by a Pledge and Levy of Execution on the Pledged Property....................................... 353 Article 352. Termination of a Pledge.......................................354 Article 353. Preservation of a Pledge upon Passage of the Right to the Pledged Property to Another Person................................................ 356 Article 354. Consequences of Compulsory Taking of the Pledged Property........................................ 357 Article 355. Assignment of Rights under the Contract of Pledge................................ 358 Article 356. Transfer of the Debt under an Obligation Secured by a Pledge............. 359 Article 357. Pledge of Goods in Circulation............................. 359 Article 358. Pledge of Things in a Pawnshop........................... 360

ยง 4. Retention............................................................................ 363 Article 359. Bases for Retention.............................................. 363 Article 360. Satisfaction of Claims at the Expense of the Withheld Property......................................364

ยง 5. Surety.................................................................................. 364 The Contract of Suretyship...................................364 Form of the Contract of Suretyship.......................364 Liability of the Surety........................................... 365 Right of the Surety to Defend against a Claim of the Creditor......................................... 365 Article 365. Rights of the Surety who has Performed an Obligation....................................................... 366 Article 366. Notification of the Surety on Performance of the Obligation by the Debtor............................ 367 Article 367. Termination of a Surety........................................ 367

Article 361. Article 362. Article 363. Article 364.

ยง 6. Bank Guaranty. .................................................................. 368 Article 368. Definition of Bank Guaranty................................. 368 Article 369. Securing an Obligation of a Principal by a Bank Guaranty.............................................. 369 489

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