What is obligation Civil Code?
According to the Civil Code, under an obligation one person (debtor) is obliged to perform a certain action in favor of another person (creditor), such as paying money, transferring property, performing work, rendering services, etc., or evading a certain action, and the creditor has the right to demand that the debtor …
What must a debtor do to be released from his obligation if the creditor refuses to accept payment without any justifiable cause?
Under article 1176 of the old Civil code, “if the creditor to whom a tender of payment is made refuses to accept it, without reason, the debtor shall released from liability by the consignation of the thing due.”
What is the meaning of Article 1215?
Article 1215. Novation, compensation, confusion or remission of the debt, made by any of the solidary creditors or with any of the solidary debtors, shall extinguish the obligation, without prejudice to the provisions of article 1219.
What if a creditor refused my offer of payment?
If the collection agency refuses your settlement offer, consider contacting the original creditor of the debt. This is possible only if the original creditor still owns the debt and hired the collection agency to collect on its behalf.
Can a debt collector refuse your payment?
Can a Debt Collector Refuse a Payment Plan? It’s important to know that collection agencies aren’t legally obligated to accept or agree to payment plans. Debt collectors don’t have to work with you or agree to any payment schedules based on what you’re reasonably able to afford.
What is novation in law?
A novation is an agreement made between two contracting parties to allow for the substitution of a new party for an existing one.
What are the six 6 types of damages under the civil law?
There are six different types of damages: compensatory, incidental, consequential, nominal, liquidated, and (sometimes) punitive.