Practice question
C and D expressly and validly agree to compensate reciprocal debts before either becomes due. D says the agreement is impossible because Article 1279 requires maturity. Which provision answers?
- Article 1282 permits the parties to agree on compensation of debts not yet due.
- Article 1290 requires automatic compensation of all future debts.
- Article 1278 eliminates every maturity rule.
- Article 1288 prohibits all agreed setoffs.
- Article 1280 requires every party to be a guarantor.
Legal references
- https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html — Civil Code, articles 1278–1290.
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