1.A person becomes creditor and debtor at the same time over the same obligation.
Art. 1276 Effect of merger to guarantors
1.Obligation of the guarantors are extinguished. 2.Reason: Accessory follows the principal. 3.Effect of merger in the person of the guarantor, principal obligation remains.
Art. 1277 Effect of merger in joint obligation
1.Affects the co-debtor only whom the two characters of creditor and debtor are merged. 2. While in solidary obligation, extinguishes the