chapter 4 — section 1 Flashcards
obligations are extinguished by: 1) ____ ; 2) ____ ; 3) ____ ; 4) ____ ; 5) ____ ; 6) ____ .
- payment or performance
- loss of thing due
- condonation or remission of debt
- confusion or merger of the rights
- compensation
- novation
other causes of extinguishment of obligation: 1) ____ ; 2) ____ ; 3) ____ ; 4) ____ ; 5) ____ ; 6) ____ .
- death of a party
- mutual desistance or withdrawal
- arrival of resolutory period
- compromise
- impossibility of fulfillment
- happening of fortuitous event
____ may consist of not only in the delivery of money but also the giving of a thing, doing if an act, or not doing of an act.
Payment
____ may refer to an obligation to deliver money, to deliver a thing, to do an act, or not to do an act.
Debt
When is debt considered paid? 1) ____ ; 2) ____ .
- integrity of prestation
- identity of prestation
____ means that the thing due to be delivered must not be subject to any claim or lien or encumbrance of a third person
free disposal of the thing due
____ means that the person is not incapacitated to enter into contracts and for that matter, to make a disposition of the thing due
capacity to alienate
payment shall be made to: 1) ____ ; 2) ____ ; 3) ____
- creditor or obligee
- his successor in interest
- any person authorized to receive it