c. Extinguishment

5. Extinguishment of Obligations

a. Payment i. Concept of Payment ii. Capacity and/or Identity of Payor or Payee iii. Special Forms of Payment b. Loss of the Thing Due i. Concept of Loss ii. Requisites iii. Effect of Loss on an Obligation iv. Presumption of Loss v. Principle of Rebus Sic Stantibus as applied to obligations c. Condonation d. Confusion e. Compensation i. Requisites ii. Effect of Assignment of Credit on right to invoke compensation iii. Non-Compensable Debts

f. Novation i. Concept of Novation ii. Express and Implied Novation iii. Expromision and Delegacion Distinguished (a) Consent Required (b) Effect of Insolvency of New Debtor iv. Legal and Conventional Subrogation

Extinguishment of Deposit

• Upon the loss or destruction of the thing deposited;
• In a gratuitous deposit, upon the death of either the depositor or the depositary;
• Other provisions in the Civil Code (novation, merger, etc.)