About this document
Payment and Performance in Obligations by Andre Santos is a document available to read on EtoBox.
This document summarizes key provisions in Articles 1232-1261 of the Civil Code of the Philippines relating to payment or performance as a mode of extinguishing obligations. Some key points include: - Payment must be complete to extinguish an obligation, with exceptions for substantial compliance in good faith or if the creditor accepts knowing it is incomplete without protest. - Payment can be made by the debtor, a person with interest in the obligation like a guarantor, or a third party with the debtor
- Author
- Andre Santos
- Language
- EN