Professional Documents
Culture Documents
1. Payment or performance
payment of money, performance of obligation
2. Loss of the thing due
considered loss when it perishes, or goes out of commerce, or
disappears in such way that its existence is unknown or can’t be
recovered.
3. Condonation or remission of the debt
gratuitous abandonment by the creditor of his right (forgiveness of
debt)
4. Confusion or merger of rights of creditor and debtor
meeting in one person of the qualities or the characteristics of of
creditor & debtor
5. Compensation
extinguishing an obligation when two persons, in their own right,
are debtors & creditors of each other
6. Novation
modification or extinguishment of an obligation by another, either
by changing the object or principal condition, substituting the
person of the debtor, or subrogating a third person in the rights of
the creditor
7. Annulment
8. Rescission
9. Fulfillment of resolutory Condition
10. prescription
11. other causes