Practice question
A creditor voluntarily delivers to the debtor a private document evidencing the credit. Under Article 1271, what does this delivery imply?
- Renunciation of the creditor's action against the debtor.
- Automatic transfer of the debtor's unrelated assets.
- Automatic creation of a second loan.
- A mandatory criminal prosecution.
- An increase of the interest rate.
Legal references
- https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html — Civil Code, Article 1271.
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