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What is Confusion and Merger of Rights Explained about?

(1) Merger or confusion occurs when the qualities of creditor and debtor are united in the same person with respect to the same obligation, which results in the extinguishment of the obligation. (2) For merger to occur, the creditor and principal debtor must be the same person, it must involve the very same obligation, and the confusion must be total regarding the entire obligation. (3) If merger occurs in the person of the principal debtor or creditor, it benefits any guarantors by extinguishing their a

Author

Len-Len Cobsilen

Language

EN