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  • Abt Novation

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    Anduque, Herlene Joyce C.
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    1. Novation occurs when a new obligation is substituted for an old one, either with a new debtor or a new creditor, extinguishing the first obligation. 2. For novation to occur, there must be an incompatible agreement between the old and new obligations. 3. Payment by a third party can result in novation if the creditor accepts payment from someone other than the original debtor, substituting the payer as the new debtor.

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    ABT NOVATION

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    1. Novation occurs when a new obligation is substituted for an old one, either with a new debtor or a new creditor, extinguishing the first obligation. 2. For novation to occur, there must be an incompatible agreement between the old and new obligations. 3. Payment by a third party can result in novation if the creditor accepts payment from someone other than the original debtor, substituting the payer as the new debtor.

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    © All Rights Reserved
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    5 views2 pages

    Abt Novation

    Uploaded by

    Anduque, Herlene Joyce C.
    1. Novation occurs when a new obligation is substituted for an old one, either with a new debtor or a new creditor, extinguishing the first obligation. 2. For novation to occur, there must be an incompatible agreement between the old and new obligations. 3. Payment by a third party can result in novation if the creditor accepts payment from someone other than the original debtor, substituting the payer as the new debtor.

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    of 2

    NOVATIONN

    SECTIO
    cONFUJION OR ME RGER OF GHTS ( ARTICE A5 23,t12a)
    thc dblioaalion i txfiqu skkd becau 4hr is confunon i 1R Coj0t
    Crdio dbor erddor beea Or

    fx Chec, lbon s4ill allo id


    rnaptintd

    SFCTION

    NOVATIoN (ARTIUE
    1o ma r aaain
    (2

    toamo od ololi ended by operatian of ad (boihor


    portis) a nte ooh is incmd
    old obli conno b enforceayle xcou ta 1s nt oareme hich 1S

    inoonpatblt ah old or ( AR_TIKAE NO)


    -end o ld oblitse o 0qrcne

    Sulbsiitudion of h rdijor SubstHtion of ta Dclotc

    Conventioral áubrogaljon (ARTICAE 1391)LLcag ulorsaathon (ARTIUF1302


    oCrs o 0gimnt t of pardie SG acS b ralien of la
    mos rsa}jon
    NOVAT ION OCCRS
    cauyc m i1 boaat 1hiahts o 1 caditor fm ort deGr anolr 1
    oll 1h os be paid

    Conioc
    volid eood volid cansidethannov poficanvnicnee, oralit
    1n moOn, cantideatian o 1tt sa as uer bo 4a i K
    eon idrn (nvinice)

    TESTFINCoMPATIBIuTY (ARTICLE 129)


    incampolibiliy of od aqnemenls
    PAYMENT 8Y 3 PrRoN(EE NCC 1293)
    NCO (23 12
    COMPARED TO

    From Ocdicle 213) tuumen b th nta delGs gits him the ngts romd
    naticles 3u 1237
    rditor is
    r ocupt pamn o
    bourd fp 3d pory uhos intershd
    in

    th obliet ion 1onachisn

    oyaan \his Cansn 0 h crtdijor raardira yubstiin f ih


    deolor

    EXPROHIS
    DELEGAUONN
    (ON debtor nas
    ocia
    e
    dbtor qivs
    paticipeien

    cansunt
    in ablhfin
    pey
    ,its ot
    osjuc 1
    obigaton

    INSOLVENCY (NCC (295)


    onS de
    7 BP
    Boas

    -
    -inauliy Poenionns

    Roulian of uaAT t
    oprsNo isses
    NOVAT19N in 8OunciNG EHECK LAL cek is uosaurt
    no NoVAT)°allotd in eP A diuhorPnd
    dra a3ajns
    daud eoyis
    8ouANG CHECK
    LAS

    c up ot
    avictd td nod)
    HeDIATNpad
    Alo A o
    Civil Cau Criminnl Cn
    Ind ndividat
    idual VS
    Individua Puop of fin

    Phillppit
    DO
    nCIVIC A

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