Civil Code Art. 1255: Extinguishment of

Statute: Civil Code
Article: Art. 1255
Topic: Extinguishment of Obligations
Book: BOOK IV Obligations and Contracts
Title: TITLE I Obligations
Chapter: CHAPTER 4 Extinguishment of Obligations
Formerly: Art. 1175a of the old Civil Code
Year: 1949

The provision

The debtor may cede or assign his property to his creditors in payment of his debts. This cession, unless there is stipulation to the contrary, shall only release the debtor from responsibility for the net proceeds of the thing assigned. The agreements which, on the effect of the cession, are made between the debtor and his creditors shall be governed by special laws. (1175a)

Cases applying this article

Tranquilino Rubis v. The Philippine Charity Sweepstakes G.R. No. 46686
Geronimo Santiago, Jr. v. Fabian R. Millar G.R. No. 45993

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