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OBLICON
ARTICLE 1217-1218
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Created by
rie
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Cards (13)
What happens when a payment is made by one of the
solidary debtors
?
It extinguishes the
obligation
.
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What can a
creditor
do if two or more
solidary debtors
offer to pay?
The creditor may choose which offer to accept.
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If a
solidary debtor
makes a payment, what can he claim from his
co-debtors
?
He can claim the share that corresponds to each, with
interest
for the payment made.
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What happens if
payment
is made before the debt is due?
No interest for the
intervening
period may be
demanded
.
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How is the
share
of an
insolvent debtor
handled among solidary debtors?
The share shall be borne by all
co-debtors
in
proportion
to the debt of each.
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What does
payment
consist of in the context of
obligations
?
Payment consists in the delivery of the thing or the
rendition
of the service which is the object of the obligation.
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What is defined as interest in the context of
borrowed money
?
Interest
is compensation for the use of borrowed money.
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What is a
solidary debtor
entitled to if he makes a
partial payment
?
He is entitled to be reimbursed only for the amount that
exceeds
his own share in the obligation.
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What happens if one of the debtors is
insolvent
and cannot pay his share?
All
solidary debtors
, including the paying debtor, shall share
proportionately
in the settlement of the corresponding share of the insolvent debtor.
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Under what conditions does payment by a
solidary debtor
not entitle him to reimbursement from
co-debtors
?
If the payment is made after the obligation has
prescribed
or become
illegal
.
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What are the two conditions that prevent reimbursement to a solidary debtor?
Obligation
PRESCRIBES
: The creditor did not make any demand for more than
10
years.
Obligation becomes
ILLEGAL
: A law has been passed making such prestation illegal.
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What is the time frame for an
obligation
to
prescribe
?
More than
10 years
without demand from the creditor.
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What does it mean when an
obligation
becomes
illegal
?
A law has been passed making such
prestation
illegal.
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