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What is Dation in Payment & Cession Explained about?

This document provides a comprehensive review of dation in payment and payment by cession as modes of extinguishing obligations under Philippine law. It defines dation in payment as transferring property to a creditor to satisfy a money debt, with the property treated as a sale. Payment by cession involves a debtor assigning all property to creditors to sell and use proceeds to pay debts, with the debtor remaining liable for any balance. The document also distinguishes the two modes and references sources f

Author

Maureen Sanchez

Language

EN