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Definition and situation examples of each of the following: Article 1231 of the Civil Code of the Philippines. Obligations are extinguished: (1) By payment or

Definition and situation examples of each of the following: Article 1231 of the Civil Code of the Philippines. Obligations are extinguished: (1) By payment or performance; (2) By the loss of the thing due; (3) By the condonation or remission of the debt; (4) By the confusion or merger of the rights of creditor and debtor; (5) By compensation; (6) By novation

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