Article 1350 of the French Civil Code
November 7, 2023
Debt forgiveness is the contract by which the creditor releases the debtor from his obligation.
Debt forgiveness is the contract by which the creditor releases the debtor from his obligation.
A remission of debt granted to one of the joint and several debtors discharges the others to the extent of its share. A remission of debt made by only one of the joint and several creditors discharges the debtor only in respect of that creditor’s share.
A remission of debt granted to the principal debtor discharges the sureties, even joint and several. A remission granted to one of the joint and several sureties does not discharge the principal debtor, but discharges the others to the extent of its share. What the creditor has received from a surety for the discharge of his surety bond must be set off against the debt and discharge the principal debtor…
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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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