Practice question
A solidary debtor pays before the debt is due and seeks interest from co-debtors for the intervening pre-maturity period. What does Article1217 state?
- No interest for that intervening period may be demanded
- Double interest is mandatory
- The payer may choose any pre-maturity rate
- The early payment necessarily becomes a donation
- The co-debtors automatically owe a criminal fine
Legal references
- Civil Code RA386: https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html Articles1216–1220,2194.
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