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Showing 1–2 of 2 articles for “debt liability”

Clarifying Debt Liability When Personal Obligations Meet Family Debts

Supreme Court clarifies when assuming a parent's debt creates novation and when interest is due under Philippine law.

Novation and Solidary Obligations: Understanding Debt Liability in the Philippines

Learn when novation applies to debts in the Philippines and why solidary obligors remain liable despite bounced checks or alleged substitutions.