Practice question
Under Article 1273, what is the effect of renouncing the principal debt on its accessory obligations?
- The principal debt doubles.
- The accessory obligations necessarily increase.
- The debtor must create new security.
- The accessory obligations are extinguished.
- The creditor becomes the debtor.
Legal references
- https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html — Civil Code, Article 1273.
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