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  • ObliCon - Handout - Dacion and Cession Distinguished PDF

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    Rhett Emmanuel C. Serfino
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    Payment by cession involves a totally or partially insolvent debtor transferring possession and administration of all their property to various creditors to extinguish credits, though only possession and authorization to convert property to cash is transferred, not full ownership. The transfer extinguishes credits to the extent of the amount realized from selling the assigned properties.

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    ObliCon - handout_dacion and cession distinguished.pdf

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    Payment by cession involves a totally or partially insolvent debtor transferring possession and administration of all their property to various creditors to extinguish credits, though only possession and authorization to convert property to cash is transferred, not full ownership. The transfer extinguishes credits to the extent of the amount realized from selling the assigned properties.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    112 views1 page

    ObliCon - Handout - Dacion and Cession Distinguished PDF

    Uploaded by

    Rhett Emmanuel C. Serfino
    Payment by cession involves a totally or partially insolvent debtor transferring possession and administration of all their property to various creditors to extinguish credits, though only possession and authorization to convert property to cash is transferred, not full ownership. The transfer extinguishes credits to the extent of the amount realized from selling the assigned properties.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    of 1

    DACION EN PAGO PAYMENT BY CESSION

    One creditor Various creditors

    Not necessarily in financial difficulty Totally or partially insolvent

    Only possession and administration


    Transfers ownership of the thing to the
    transferred, with authorization to convert
    creditor
    property to cash

    Extinguishes the credits to the extent of the


    May totally extinguish the obligation amount realized from the properties
    assigned

    Involves only some specific thing All the property of the debtor

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