Explanation of Article 289
This article addresses the statement of "installment payment," which means that the debtor fulfills the debt in installments. The article stipulates that installment payment is permissible unless there is an agreement or statutory provision to the contrary. For example, if the contracting parties agree that the debt should be paid in a single installment, then in this case, installment payment is not permissible.
It is worth noting that this ruling 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 installment payment, and it clarifies the impact of installment payment on the obligation.
Related To
Article 289
If a debtor pays a debt even if he has the right to set-off such debt against a debt owed to him, he may not hold the securities of the latter debt in a manner that causes harm to others, unless, based on reasonable grounds, he was not aware of the existence of such right at the time of payment.