Question: Explain each Obligations are extinguished and provide each examples. in your own words (1)By payment or performance; (2) By the loss of the thing due;

Explain each Obligations are extinguished and provide each examples. in your own words

(1)By payment or performance;

(2) By the loss of the thing due;

(3) By the condonation or remission of the debt;

(4) By the confusion or merger of the rights of creditor and debtor;

(5) By compensation;

(6) By novation

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