Explanation of Article 248
This article addresses the statement of the "place of performance," which is: the place where the debtor must fulfill the debt. The article stipulates that the place of performance shall be the agreed-upon location. For example, if the contracting parties agree that the debt shall be fulfilled in a specific city, the debtor must fulfill the debt in that city.
It is worth noting that the place of performance must be "known," meaning it should not be unknown or unspecified. For example, it is not permissible to agree that the debt will be fulfilled in "any place" or "an unknown place," as this is not known.
This article is considered one of the most important articles related to the place of performance, as it clarifies the impact of the place of performance on the obligation.
Related To
Article 248
Assignment of debt is a contract that requires the transfer of an obligation from an assignor to an assignee.