Can I read Definitions of Depositum and Novation on EtoBox?

Definitions of Depositum and Novation by Joy Raguindin is a document available to read on EtoBox.

What is Definitions of Depositum and Novation about?

1. A voidable contract may be annulled retroactively to the time of execution, requiring mutual restitution between the parties. Compensation from a voidable contract happens automatically until annulment. 2. Assignment of compensation depends on whether it occurs before or after assignment of rights to a third party, and whether the debtor had knowledge and consented to the assignment. 3. Facultative compensation allows a creditor to declare setting off a debt against a credit owned by the debtor.

Author

Joy Raguindin

Language

EN