Chapter 3 - Section 2 - Obligations With A Period Flashcards
1
Q
Whose effects are subjected in one way or another to the expiration of said period or term.
A
OBLIGATION WITH A PERIOD
2
Q
Term is for the benefit of the DEBTOR ALONE
A
he cannot compelled to pay prematurely
3
Q
Term is for the benefit of the CREDITOR
A
he may demand fulfillment even before the arrival of the term but the debtor cannot require him to accept payment before the expiration.
4
Q
Period designated by the court.
A
Judicial Period
5
Q
Period fixed by the parties in their contract.
A
Contractual Period
6
Q
The period is disregarded and the obligation becomes pure and immediately demandable: IGIVA
A
Insolvent
does not furnish Guaranties
Impaired
Violates
Abscond
