Session 12

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SESSION 12

EXTINGUISHMENT OF SALES

A. Causes

Art. 1600

Article 1600.Sales are extinguished by the same causes as all other obligations, by those stated in the preceding articles of this Title, and by conventional or legal redemption.

Art. 1231

Article 1231.Obligations are extinguished:(1) By payment or performance;(2) By the loss of the thing due;(3) By the condonation or remission of the debt;(4) By the confusion or merger of the rights of creditor and debtor;(5) By compensation;(6) By novation.Other causes of extinguishment of obligations, such as annulment, rescission, fulfillment of a resolutory condition, and prescription, are governed elsewhere in this Code.

Art. 1626

Article 1626.The debtor who, before having knowledge of the assignment, pays his creditor shall be released from the obligation.

Art. 1634

ARTICLE 1634. When a credit or other incorporeal right in litigation is sold, the debtor shall have a right to extinguish it by reimbursing the assignee for the price the latter paid therefor, the judicial costs incurred by him, and the interest on the price from the day on which the same was paid.A credit or other incorporeal right shall be considered in litigation from the time the complaint concerning the same is answered.The debtor may exercise his right within thirty days from the date the assignee demands payment from him

Art. 1635Article 1635.From the provisions of the preceding article shall be excepted the assignments or sales made:(1) To a co-heir or co-owner of the right assigned;(2) To a creditor in payment of his credit;(3) To the possessor of a tenement or piece of land which is subject to the right in litigation assigned.

B. Redemption

1. Conventional