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What is Extinguishment of Obligations: Payment Rules about?

This document summarizes the key provisions around extinguishment of obligations from the Civil Code of the Philippines. It discusses the general ways obligations can be extinguished, including payment or performance, loss of the subject of the obligation, remission of the debt, confusion or merger of rights, compensation, and novation. It then focuses on payment or performance, outlining the requirements for valid payment, who payment can be made to, application of payments, payment by cession, tender of p

Author

Christina Gattoc

Language

EN