Explanation of Article 204
This article addresses the statement of the "effect of the death of the joint debtor," which is: that the death of the joint debtor results in the division of the debt among his heirs, and the solidarity in the debt remains complete among his heirs.
The article stipulates that the death of the joint debtor does not prevent the division of the debt among his heirs. For example, if there is more than one debtor for a single debt, and they are jointly liable, and one of them dies, the debt is divided among his heirs, and the solidarity in the debt remains complete among his heirs.
It is worth noting that this provision applies to all types of obligations, whether they are contracts, acknowledgments, discharges, or otherwise.
This article is considered one of the most important articles related to the effect of the death of the joint debtor, as it clarifies the impact of the death of the joint debtor on the obligation.
Related To
Article 204
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An obligation shall be subject to a term if its enforcement or extinction is dependent upon a future and certain event.
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An obligation that is subject to a term shall only be enforceable on its maturity date. The creditor may, prior to such date, take any measure necessary to safeguard his right, including demanding a security if he has reasonable grounds to believe the debtor may become insolvent.
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An obligation shall be extinguished upon the expiration of the resolutory term without any retroactive effect.