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What is Condonation and Remission of Debt Explained about?

1) Condonation or remission is the gratuitous abandonment by the creditor of his right against the debtor, and is a form of donation that requires acceptance by the obligor. 2) For condonation to be valid, it must be gratuitous, accepted by the obligor, between parties with capacity, and not inofficious; express condonation must also comply with donation forms. 3) Remission can be complete or partial, express or implied, and take effect inter vivos or mortis causa. The renunciation of a principal debt exti

Author

mjsdgatchalian

Language

EN