THING THAT MAY BE OBJECT OF CONTRACTUAL PLEDGE IN THE LEGAL SYSTEM OF REPUBLIC OF MACEDONIA

Abstract

Objects of contractual pledge in the legal system of Republic of
Macedonia may be movable and immovable things. In these cases, the
contractual pledge may be instated on the entire object, more object
together and on the ideal part of the object. When the object of
contractual pledge is an immovable thing we have mortgage as a form of
contractual pledge.
In order for a certain thing to become an object of a contractual
pledge, two conditions must be met. The first condition is that the object
must be owned by the pledge debtor
and the second condition is that the
object should be in legal traffic.