Civil Code Art. 1231: Extinguishment of

Statute: Civil Code
Article: Art. 1231
Topic: Extinguishment of Obligations
Book: BOOK IV Obligations and Contracts
Title: TITLE I Obligations
Chapter: CHAPTER 4 Extinguishment of Obligations
Formerly: Art. 1156a of the old Civil Code
Year: 1949

The provision

Obligations are extinguished: (1) By payment or performance; (2) By the loss of the thing due; (3) By the condonation or remission of the debt; (4) By the confusion or merger of the rights of creditor and debtor; (5) By compensation; (6) By novation. Other causes of extinguishment of obligations, such as annulment, rescission, fulfillment of a resolutory condition, and prescription, are governed elsewhere in this Code. (1156a)

Cases applying this article

Lagrimas Dela Rosa Lazo v. Spouses Eleuterio Villas G.R. No. 221792

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