Professional Documents
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Extinguishment
Extinguishment
1231 P1
1. Payment or Performance
Definition - Article 1232.
- quis/quinam, quid, quando, ubi, quo modo, pacta adjunta,
Payment Elements
causae, expensae - Manresa
Burden of proof
Means of Payment, Where to Pay, Completeness of Payment, How Payment is Made, Acceptance by Creditor
not a novation
affects all peoperties of debtor
Tender of Payment & Consignation - Article 1256. Article 1261.
Consignation Requirement
Specific Thing
Generic(genus never perishes) - Article 1263.
3. Condonation or Remission
Article 1270. - Article 1274.
Requisites
Agreement (acceptance is required)
Party must be capacitated and Consent
Subject Matter
Cause is Gratuitious (Otherwise Dacion or Novation)
Obligation is demandable at time of remission
not inofficious (i.e. impairing heirs)
donation is formal and an express remission Article 1270.
Classes
- Inter Vivos (during life)
- mortis causa (after death)
- total
- partial
- implied
- express
5. Compensation
Defined and Elements - Article 1278. Article 1290.
Requisites Article 1279.
BOTH BOUND PRINCIPALLY ≠ (GUARANTORS | CO-MAKER)however Article 1280.
6. Novation
Article 1291.Article 1292.Article 1293. - Article 1304.
Delegante(old debtor),
delegatorio(creditor),
delegado(new debtor)
1231 P2
1. Annulment
Article 1183.
2. Rescission
Article 1191.
4. Prescription
Article 1139 Article 1431. Article 1424.
J.L.
Others