Practice question
A competent creditor and debtor execute the required writings for accepted express remission of an ordinary unsecured credit. All other requirements are satisfied. An objector relies solely on absence of a land-donation public deed. Which is best?
- Every money credit is a parcel of land.
- A cadastral plan is indispensable to every credit release.
- No written acceptance can ever be effective.
- The creditor must donate every unrelated asset too.
- That objection misidentifies the subject and applicable personal-property form.
Legal references
- Civil Code Articles748,1236-1237,1270-1299 and1302: https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html
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