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About Compensation - Reciprocal Extinction of Claims
The document provides lecture notes on the kinds of compensation according to Philippine law. It discusses the following: 1. Legal compensation takes place by operation of law when the requirements are met, such as both debts consisting of money that is liquidated and demandable. 2. Voluntary compensation can occur when parties agree to mutually extinguish debts even if some legal requisites are lacking. 3. Judicial compensation must be ordered by a court. 4. Facultative compensation allows one party to choose whether to claim compensation or oppose it. 5. Compensation can be total, extinguishing all debts, or partial, leaving a balance on the larger debt. 6. Several
Detailed Information
| Author: | ['Shiela Rengel'] |
|---|---|
| Publication Year: | 2020 |
| Pages: | 14 |
| Language: | English |
| Format: | |
| Price: | FREE |
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