RIGHT OF PLEDGEE TO COLLECT AND RECEIVE AMOUNT DUE ON CREDIT PLEDGED

Art. 2118. If a credit which has been pledged becomes due before it is redeemed, the pledgee may collect and receive the amount due. He shall apply the same to the payment of his  claim,  and  deliver  the  surplus,  should  there  be  any,  to the pledgor. (n)

> Pledgee  is  given  the  right  to  collect  and  receive  the amount due on the credit pledged

> But in reference to the previous article, having the duty to take  good  care  with  the  diligence  of  a  good  father  to  a family  the  thing  pledged,  he  has  the  duty  to  collect  if danger would endanger the recovery of the credit

Art.  2119.  If  two  or  more  things  are  pledged,  the  pledgee may choose which he will cause to be sold, unless there is a stipulation to the contrary. He may demand the sale of only as many of the things as are necessary for the payment of the debt. (n)
 

RIGHT   OF   PLEDGEE   TO   CHOOSE   WHICH   OF   SEVERAL THINGS PLEDGED SHALL BE SOLD

> After  sufficient  property  has  been  sold  to  satisfy  the obligation  plus  interests  and  expenses,  no  more  shall  be sold