- Statute
- Civil Code
- Article
- Art. 1255
- Topic
- Extinguishment of Obligations
- Status
- In force
- 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
- Cited by
- Multiple Supreme Court decisions
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
- Geronimo Santiago, Jr. v. Fabian R. Millar
- C. H. Hodges, Recurrente, Contra Carmen Regalado Y Maria Gay, Recurridas
- H. P. L. Jollye v. Emeterio Barcelon
- Ignacio Arroyo v. Alfred Berwin
- Francisca Jose v. Wenceslaua Damian
- United States v. Diaz Conde G.R. No. 18208
Related provisions in this Chapter
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