Discharging Civil Obligations by Payment as Provided by the Romanian Civil Code
Discharging Civil Obligations by Payment as Provided by the Romanian Civil Code

Summary/Abstract: Payment is the main way of discharging civil obligations. The Romanian Civil Code regulates in detail all these aspects: the notion of payment, the subjects of the payment, the terms and conditions of payment, the proof of payment, payment imputation, the formal notice to the creditor. The payment has the effect of extinguishing the legal relation of obligations as a result of the performance of the object of the legal relation in question. It involves the voluntary performance of the object of the obligation. So that the obligation can be discharged by payment, the debtor must perform exactly the obligation he owes.

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