Compensation is the simultaneous extinction of reciprocal obligations between two persons.
It takes place, subject to being invoked, in due proportion, on the date when its conditions are met.
Home | French Legislation Articles | French Civil Code | Book III: Different ways of acquiring property | Title IV: General system of obligations | Chapter IV: Termination of the obligation | Section 2: Compensation | Subsection 1: General rules | Article 1347 of the French Civil Code
Compensation is the simultaneous extinction of reciprocal obligations between two persons.
It takes place, subject to being invoked, in due proportion, on the date when its conditions are met.
La compensation est l’extinction simultanée d’obligations réciproques entre deux personnes.
Elle s’opère, sous réserve d’être invoquée, à due concurrence, à la date où ses conditions se trouvent réunies.
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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