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Questions and Answers
What happens to the obligation when a term or period is left to the will of the debtor?
What happens to the obligation when a term or period is left to the will of the debtor?
The obligation remains = The existence and validity of the obligation remains The obligation is terminated = The obligation is extinguished Rescission is not an option = Rescission is not available as a remedy Not agreed upon = It shall be considered as not having been agreed upon
What is the consequence when a term or period is left to the will of the debtor?
What is the consequence when a term or period is left to the will of the debtor?
Obligation is void = It shall be considered as not having been agreed upon Obligation remains valid = The existence and validity of the obligation remains No remedy available = Rescission is not available as a remedy Obligation is terminated = The obligation is extinguished
When a debtor has control over a term or period, what can be said about the obligation?
When a debtor has control over a term or period, what can be said about the obligation?
It remains in effect = The existence and validity of the obligation remains It is cancelled = The obligation is extinguished No rescission possible = Rescission is not available as a remedy Not considered valid = It shall be considered as not having been agreed upon
What happens when a debtor has discretion over a term or period?
What happens when a debtor has discretion over a term or period?
What is the result when a debtor has control over a term or period?
What is the result when a debtor has control over a term or period?
What is the status of the obligation if the debtor has control over a term or period?
What is the status of the obligation if the debtor has control over a term or period?
If a term or period is left to the debtor's discretion, what can be said about the obligation?
If a term or period is left to the debtor's discretion, what can be said about the obligation?
What happens to the obligation if the debtor has the power to decide on a term or period?
What happens to the obligation if the debtor has the power to decide on a term or period?
If a debtor has control over a term or period, what can be said about the remedy of rescission?
If a debtor has control over a term or period, what can be said about the remedy of rescission?
What is the effect on the obligation if the debtor has the power to decide on a term or period?
What is the effect on the obligation if the debtor has the power to decide on a term or period?
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