Civil Code Art. 1261: Extinguishment of

Statute: Civil Code
Article: Art. 1261
Topic: Extinguishment of Obligations
Book: BOOK IV Obligations and Contracts
Title: TITLE I Obligations
Chapter: CHAPTER 4 Extinguishment of Obligations
Formerly: Art. 1181a of the old Civil Code
Year: 1949

The provision

If, the consignation having been made, the creditor should authorize the debtor to withdraw the same, he shall lose every preference which he may have over the thing. The co-debtors, guarantors and sureties shall be released. (1181a)

Cases applying this article

Jose Vaca v. Manuel Kosca G.R. No. 8394
Amparo Gonzalez v. Primitivo Trinidad G.R. No. 45965

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