Practice question
A valid accepted written remission expressly forgives only PHP30,000 of a PHP100,000 principal. No broader waiver exists. The debtor claims gratuitousness alone extinguished the remaining PHP70,000 too. Which is correct?
- The established limited scope does not automatically remit the remainder.
- Every partial remission necessarily forgives every debt forever.
- Only the debtor chooses the forgiven amount afterward.
- All principal automatically becomes a donation from the debtor.
- The creditor may never grant a partial release.
Legal references
- Civil Code Articles748,1236-1237,1270-1299 and1302: https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html
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