Article 1270
ELI5— what this means for you
A creditor can forgive (remit/condone) an obligation — either expressly or impliedly. Returning the original document evidencing the debt creates a presumption of remission.
Official text — RA 386
Condonation or remission is essentially gratuitous, and requires the acceptance by the obligor. It may be made expressly or impliedly.
One and the other kind shall be subject to the rules which govern inofficious donations. Express condonation shall, furthermore, comply with the forms of donation. (1187)
Source: lawphil.net (RA 386 as amended)
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