Dacion en Pago con Pacto de Retro


A debtor with the consent and approval of the creditor may choose to pay his monetary obligation in the form of property or anything of value other than money. The property is conveyed to the creditor in consideration for the payment of an obligation, whether full or partial. If a third party pays for the debt of another by conveying his property to the creditor as payment he consequently becomes the new creditor of the debtor whose debt he had paid. The payment of a debt with property will discharge the debtor from his obligation.


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