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This document outlines the rules and requirements for legal compensation under Philippine law. It discusses the different types of compensation including total, partial, voluntary, and judicial compensation. It also describes the effects of compensation on guarantors, assigned debts, debts payable in different places, and several debts. For legal compensation to occur, the document specifies that both debts must be due and demandable, liquidated, between the same parties, and of the same kind and quality.

Author

macrosal

Language

EN