Civil Code Art. 1290: Extinguishment of

Statute: Civil Code
Article: Art. 1290
Topic: Extinguishment of Obligations
Book: BOOK IV Obligations and Contracts
Title: TITLE I Obligations
Chapter: CHAPTER 4 Extinguishment of Obligations
Formerly: Art. 1202a of the old Civil Code
Year: 1949

The provision

When all the requisites mentioned in article 1279 are present, compensation takes effect by operation of law, and extinguishes both debts to the concurrent amount, even though the creditors and debtors are not aware of the compensation. (1202a)

Cases applying this article

Development Bank of the Philippines v. Pedro Salazar G.R. No. 228703

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