Practice question
A capable debtor renounces prescription already obtained. An affected creditor invokes1114 to make that prescription effective despite the renunciation. The debtor says its personal waiver necessarily binds everyone. Which is correct?
- Article1114 preserves the creditor’s ability to invoke prescription notwithstanding the debtor’s renunciation
- Every renunciation destroys all creditor protections
- Only the debtor may ever invoke prescription
- The creditor must agree the debt is revived
- Private waiver abolishes1114
Legal references
- Civil Code RA386: https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html Articles6,905,1112–1114,1171 and2035–2036.
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