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PFR - ASSIGNMENT - Matrix
PFR - ASSIGNMENT - Matrix
PFR - ASSIGNMENT - Matrix
Agreed upon in the marriage settlement Agreed upon in the marriage settlement
Placed in common fund are: (1) Fruits of Each owns his own earnings
theire separate property and (2) Income
from their work and industry.
The rules on the contract of partnership Art. 143. The provisions of this chapter is
suppletory
Parties retain ownership over their Each spouse shall own, dispose of, possess,
respective properties. All property acquired administer and enjoy his or her own
during the marriage is presumed to be separate estate, without need of the
conjugal unless contrary provided. consent of the other.
Conjugal Partnership of Gains (CPG) is This means each one of the spouses owns
similar to Absolute Community of Property owns his or her exclusive properties, from
except that there is a difference in how the both present and future property, including
properties are acquired by each party prior the ones they already own prior to getting
to getting married. The properties married. If couples choose this property
produced during the marriage will go to the relation or regime, the means for
common fund or the Conjugal Property supporting their family is through the use of
where both spouses have equal rights. common fund. The contribution of each
part will depend on their income capacity.
It begins at the precise moment when the If the future spouses failed to choose the
marriage is celebrated, exactly like in system of complete separation
absolute community of property. of properties in their marriage settlements,
it is still possible for them to be governed
by this regime during their marriage by
going to court for a judicial order.
The administration and enjoyment of the Parties are free to manage their respective
conjugal partnership shall belong to both properties without interference of the
spouses jointly other.
Neither spouse may donate any conjugal Parties are free to donate without
partnership property without the consent interference of the other.
of the other.
Co-owners of properties