No demand, no delay. The debtor is required to pay th creditor that demanded.

Yong unang nagdeman,

siya unang babayaran. If simultaneous, bahala yong debtor sino una babayaran.
Remmision- condonation, condone. Wag na bayaran. Pagpapatawad ay subject to tax.

Compensation- offsetting

Novation- huwag mon a lang bayran, bigay mon a lang cp mo.

Novation- palitan, modify the object of principla obligation; substituting; the debtor; subrogating
(insurance)

An act of one is a n act of all. I can demand to any of them. Mutual agency.

Judicial – punta sa korte para kasuhan

Extrajudicial- don’t go to court, I can write a letter, text, personal
I will forgive the utang. Kelan nagbayad at kalian nagforgive?
Fotuitous event- extinguished, but if there is delay lang, all are liable pa rin. All are liable if may delay,
negligence, fault.
If ang creditor ang may fault, creditor ay liable for damages, interes.

Defenses are only applies to the party truly involved.

Penal Clause- “if”, “otherwise”, penalty; must be pursuant to law;

Is collateral a penal clause? In mortgage, not a penal clause. In pledge, yong punishment pag di nagawa
obligation
may away kami ng lupa ni bj. 50 sq ft sa akin, pero hindi payag yong isa. Punta sila sa barangay para
magkaayusan at kontrata. Yong pagkakaayusan ay compromise agreement. Extrajudicial ay wala sa
court.

Res judicata – di an pwede baguhin. Irrevocable

Arranged marriage is invalid… no meeting of the minds.

A general rule; requisites: integrity of payment. OR (Official Receipt) ay kailangan as a proof of purchase
or payment of obligation. Delivery Receipt (DR) do not expressly state na bayad ka. The goods are
received but not necessarily mean na bayad na. Debtor has the burden to state that he paid.
Conventional- natural

Legal- fictional body; entity; estate