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Modification And Transfer Of Obligation

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Chapter Summary

This chapter on modification and transfer of obligation contains several articles concerning the modification of obligation, assignment of obligatory right, assumption of debt and general transfer of obligatory right and debt. The content of the obligation can be changed based on the law, a court's judgment or the mutual consent of the parties. The obligee can assign his entire or partial obligatory right to a third party. When assigning a partial obligatory right, the obligor can perform the entire obligation to the assignor or assignee unless the obligor is clearly given notice of the assigned portions and is instructed to perform the assigned portions for the assignee. The obligor can agree with the third party and transfer his entire or partial debt to the third party.

Keywords: modification of obligation; partial obligatory right; transfer of obligation



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