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Is the agreement not to extinguish the pledge valid

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Question - D pledged with C his only laptop as a security for the loan he obtained from the latter in the amount of P50,000. The agreement is that the loan and the pledge is for a period of one month. After two weeks and upon the request of D, C returned the laptop with the agreement that the pledge will not be extinguished.

a. Is the agreement not to extinguish the pledge valid?

b. Was the return of the laptop to D extinguished the pledge?

c. Does the extinguishment of the pledge terminate the principal obligation?

Reference no: EM132904944

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