Practice question
Absent a contrary stipulation, what does the Article 1226 penalty ordinarily substitute for upon noncompliance?
- Indemnity for damages and payment of interests
- The existence of the principal obligation itself
- Every criminal penalty
- The creditor’s ownership of unrelated property
- A new donation agreement
Legal references
- Civil Code, Articles 1226-1230, 1701-1703, 2224-2235: https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html
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