CAUSES OF EXTINGUISHMENT OF OBLIGATION 1. Payment or performance 2. Loss of the thing due 3. Condonation or remission of the debt 4. Confusion or merger of rights of creditor and debtor 5. Compensation 6. Novation I - PAYMENT OR PERFORMANCE PAYMENT means not only the delivery of money but also the performance‚ in any other manner of an obligation. How must the payment be made? 1. There must be delivery of the thing or rendition of the service that was contemplated. a. The debtor of a thing cannot
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In tough times‚ most people are looking to cut costs any way they can. And in a home purchase‚ who wouldn’t want to save that extra 3 percent — an extra $3‚000 per $100‚000 of the sale price? That’s typically what buyer’s agents make on real estate transactions‚ and most experts think it’s money well spent. It’s true that anyone can shop for a house‚ and even get a peek inside‚ without formally signing on with a real estate agent. But unless you have time to make home shopping a part-time job‚ an
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Rizal offered his services as a military doctor in Cuba due to the throes of a revolution and the ranging yellow fever epidemic knowing from Blumentritt that there was a shortage of physicians to minister the needs of the Spanish troops and the Cuban people. Rizal wrote to Gov. General Ramon Blanco on Dec. 17‚ 1895 offering his services as a military doctor in Cuba. Months passed and a letter from Gov. Blanco arrived in Dapitan dated July 1‚ 1896 notifying him
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The way cisgender people (male and female) privileges feature in everyday life are considered natural and go unnoticed in our society because of the way we are conditioned at birth to believe certain characteristics from both sexes that form our cultural beliefs and social expectations. As it’s explained in the textbook‚ these beliefs and expectations hinder us from differentiating normal from injustice. That’s where sociological imagination comes in and it key. When we displace ourselves and look
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OBLIGATIONS AND CONTRACTS Book IV‚ New Civil Code of the Philippines Title I‚ Obligations – Article 1156 to 1304 Title II‚ Contracts – Article 1305 to 1430 Outline of Topics: Obligations (Prelim-Midterm) Chapter 1- General Provisions Art. 1156-1162 i – Definition of Obligation ii – Sources of Obligation Chapter 2 – Nature and Effect of Obligation – Art. 1163-1178 - Obligations of Debtor - Rights of Creditor - Breaches of Obligation - Liabilities of Debtor - Remedies of Creditor -
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Corporate Debt Restructuring Ashish Makhija B.Com (Hons.)‚ LL.B.‚ AICWA‚ MICA‚ FCA 17/05/2008 1 Meaning of Corporate Debt Restructuring (CDR) • A method • • • • used by companies with outstanding debt obligations to alter the terms of the debt agreements in order to achieve some advantage Companies use debt restructuring to avoid default on existing debt or to take advantage of a lower interest rate. 17/05/2008 2 Methods of CDR The existing debt is called and then replaced with new
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CASE 6 Asian Journal of Case Research 1(2): 183 – 192 (2008) Tenaga Nasional Berhad’s Debt Woes NORDALILAH ABD AZIZa‚ ANNUAR MD NASSIRb*‚ AZHAR MOHD NASIRc‚ AND ABU SOFIAN YAAKOBd ABSTRACT Currently‚ as a result of global price escalation of coal and fuel/gas‚ TNB faced a challenging time dealing with increased operational costs as well as managing the existing high debt to support its daily operations. Because of these high borrowings‚ TNB was exposed to excessive financial risks in particular
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A Lifetime of Student Debt? Not Likely. Robin Wilson had quite a compelling article‚ showing the potential contrast with the debt vs. the quality of life and stability a degree can provide. Wilson overall points show that the American dream we are all striving for has changed. She is able to demonstrate this through the use of several anecdotes. Wilson interviews with various professionals to see how they use these degrees to better themselves. In doing so she highlights various pros and cons
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Public Debt Management Introduction Public (Sovereign) debt management is the process of establishing and executing a strategy for managing the government’s debt in order to raise the required amount of funding‚ achieve its risk and cost objectives and to meet any other sovereign debt management goals the government may have set‚ such as developing and maintaining an efficient market for government securities. In a broader macroeconomic context for public policy‚ governments should seek to
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ADELFA PROPERTIES‚ INC.‚ petitioner‚ vs. COURT OF APPEALS‚ ROSARIO JIMENEZ-CASTAÑEDA and SALUD JIMENEZ‚ respondents.1 G.R. No. 111238 January 25‚ 1995 REGALADO‚ J.: The main issues presented for resolution in this petition for review on certiorari of the judgment of respondent Court of appeals‚ dated April 6‚ 1993‚ in CA-G.R. CV No. 34767 1 are (1) whether of not the "Exclusive Option to Purchase" executed between petitioner Adelfa Properties‚ Inc. and private respondents Rosario Jimenez-Castañeda
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