Danger To The Thing Pledged
Art. 2107. If there are reasonable grounds to fear the destruction or impairment of the thing pledged, without the fault of the pledgee, the pledgor may demand the return of the thing, upon offering another thing in pledge, provided the latter is of the same kind as the former and not of inferior quality, and without prejudice to the right of the pledgee under the provisions of the following article.
The pledgee is bound to advise the pledgor, without delay, of any danger to the thing pledged. (n)
REQUISITES FOR THE APPLICATION OF ARTICLE 2107
1. The pledgor has reasonable grounds to fear the destruction or impairment of the thing pledged
2. There is no fault on the part of the pledgor
3. The pledgor is offering in place of the thing, another thing in pledge which is of the same kind and quality as the former
4. The pledgee doesn't choose to exercise his right to cause the thing pledged to be sold at public auction