LAW ON OBLIGATIONS AND CONTRACTS

There are 10 incidents/circumstances to extinguish an obligation. Illustrate a transaction of EACH 10 circumstances to extinguish an obligation.

1. By payment or performance

2. By the lost of the thing due

3. By the condonation or remission

4. By the confusion or merger

5. By compensation

6. By novation

7. Annulment

8. Rescission

9. Fulfillment of resolutory condition

10. Prescription