According to the ART.

1156 CC, the obligations are extinguished by:

-
Their payment or performance
-
The loss of the thing due
-
The remission of the debt
-
The confusion of the rights of creditor and debtor
-
Novation
According to the ART. 1156 CC, the obligations are extinguished by:
-
Their payment or performance
-
The loss of the thing due
-
The remission of the debt
-
The confusion of the rights of creditor and debtor
-
Novation
The obligations are extinguished

Ordinarily By:

a. Payment of performance
b. Loss of the thing due
c. Condonation or remission of the debt or waiver
d. Confusion or merger of the rights of creditor and debtor
e. Compensation
f. Novation (Article 1231)

Other causes in Article 1231 but governed by other chapters:

a. Annulment
b. Rescission
c. Fulfillment of resolutory condition
d. Prescription

Still other causes:

a. Death of party in case the obligation is personal

b. Resolutory term
c. Change in civil status
 d. Compromises
e. Mutual dissent
f. Impossibility of fulfillment
g. Fortuitous event

The loss of the thing due

-
The remission of the debt
-
The confusion of the rights of creditor and debtor
-
Novatio