Practice question
For legal compensation under Article 1279, which statement about maturity and amount is correct?
- Neither debt needs to be due.
- A merely speculative demand is always sufficient.
- The debts must be due, liquidated, and demandable.
- Only one debt must be legally demandable.
- The parties must always know compensation has occurred.
Legal references
- https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html — Civil Code, articles 1278–1290.
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