Explanation of Article 186
This article addresses the statement of "acceleration of payment," which means that the debtor fulfills the debt before the due date.
The article stipulates that it is permissible to accelerate the payment of the debt by the one for whose benefit the term was set. For example, if the term is for the benefit of the debtor, he may accelerate the payment of the debt. For instance, if the debt is deferred to a specific date and it is for the benefit of the debtor, he may accelerate the payment of the debt before the due date.
It is worth noting that this provision applies to all types of obligations, whether they are contracts, declarations, discharges, or otherwise.
This article is considered one of the most important articles related to the acceleration of payment, and it clarifies the impact of accelerating payment on the obligation.
Related To
Article 186
If a creditor alleges that the debtor’s debts exceed the value of his property, such creditor shall only be required to prove the amount of debts payable by the debtor; the debtor may refute such allegation by proving that he has property the value of which equals or exceeds such debts.