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What is Payment by Cession and Consignation Explained about?

The document discusses the rules regarding payment by cession or assignment of property to creditors in the Philippines. It defines cession as assigning property to creditors to satisfy debts, with the debtor still liable for any unpaid balance from the net proceeds of the assigned property. It outlines the requisites of a valid cession as involving multiple creditors, an insolvent debtor, assignment of all the debtor

Author

Farah Tolentino Nami

Language

EN