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Understanding Article 1254 Obligations by Anthony Apuya is a document available to read on EtoBox.
When debts are due, the debt that is most burdensome to the debtor will be deemed satisfied first according to Article 1254. If the debts are equally burdensome, payment will be applied proportionately to all debts. Debts considered more onerous include the principal debt rather than a surety debt, older debts rather than newer ones, debts that accrue interest rather than those that do not, and debts with security rather than without. Onerous means heavy, difficult, or complex, so the onerous obligation is
- Author
- Anthony Apuya
- Language
- EN