Article 1291
RA 386 · Civil Code of the Philippines
ELI5— what this means for you
Novation extinguishes an obligation by substituting it with a new one — either by changing the object, the parties (replacing the debtor), or the terms.
Official text — RA 386
Obligations may be modified by:
(1) Changing their object or principal conditions;
(2) Substituting the person of the debtor;
(3) Subrogating a third person in the rights of the creditor. (1203)
Source: lawphil.net (RA 386 as amended)
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