Condonation And Novation Rules

Summary

Condonation of debt requires the debtors consent to be effective, as per the Civil Code of the Philippines. When a principal obligation is extinguished by novation, accessory obligations are also extinguished, except for a real estate mortgage executed to secure the obligation. Void contracts have specific characteristics, and the defense of illegality is not available to third persons whose interests are not directly affected.

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When the principal obligation is extinguished by novation accessory obligations are also extinguished except: Oa benefit granted to a third person failure to demand the obligation on due date Oa pledge obtained to secure the obligation O a real estate mortgage executed to secure the obligation
When the principal obligation is extinguished by novation, accessory obligations are also extinguished except for:
- A real estate mortgage executed to secure the obligation.
Do you have any follow-up questions or need more legal information on this topic?
The following, except one, are the characteristics of vold contracts. Which is the exception The action for declaration of nullity of the contract does not prescribe, The right to raise defense of illegality cannot be waived They are not subject to ratification. The defense of illegality mof the contract is available to third persons whose interest are not directly affected.
The exception is:
- The defense of illegality of the contract is available to third persons whose interests are not directly affected.
This is not a characteristic of void contracts. Do you have any other legal questions or need further clarification?