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Article 1163-1169
Article 1163-1169
EFFECTS OF DELAY:
Mora Solvendi-debtor is guilty of breach
or violation of the obligation, he is liable
for interest to the creditor in case the
obligation is to pay money or damages. He
is liable for fortuitous event when the
obligation is to deliver a determinate thing.
Mora Accipiendi-debtor is guilty of breach
of obligation, he is liable for DAMAGES,
he bears the risk of loss of the thing due.
When the obligation is to pay money,
debtor is not liable for interest from the
time of the creditor's delay and the debtor
may release himself from the obligation by
consignation or deposit in court of the
thing or sum due