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Cap. 16 · Civil Code (Cap. 16)

Cap. 16 чл. 1179When novation takes place.

Sub-title V

В силаОфициален текст

Novation takes place -

(a) when the debtor contracts towards his creditor a new debt, and this is substituted for the old one which is extinguished;

(b) when a new debtor is substituted for the old one, who is discharged by the creditor;

(c) when, in virtue of a new obligation, a new creditor is substituted for the old one in regard to whom the debtor is discharged.