Obligations and Contracts – Performance

Obligations and Contracts – Performance

Art. 1983. Law for the parties; performance in good faith. Contracts have the effect of law for the parties and may be dissolved only through the consent of the parties or on grounds provided by law. Contracts must be performed in good faith.

Art. 1984. Rights and obligations will pass to successors. Rights and obligations arising from a contract are heritable and assignable unless the law, the terms of the contract or its nature preclude such effects.

Art. 1985. Effects for third parties Contracts may produce effects for third parties only when provided by law.

Ar.t. 1854. Extinction by performance. Performance by the obligor extinguishes the obligation.

Art. 1855. Performance by a third person. Performance may be rendered by a third person, even against the will of the obligee, unless the obligor or the obligee has an interest in performance only by the obligor. Performance rendered by a third person effects subrogation only when so provided by law or by agreement.

Art. 1856. Valid transfer of object of performance. An obligation that may be extinguished by the transfer of a thing is not extinguished unless the thing has been validly transferred to the obligee of performance.

Art. 1857. Performance rendered to the obligee. Performance must be rendered to the obligee or to a person authorized by him. However, a performance rendered to an unauthorized person is valid if the obligee ratifies it. In the absence of ratification, a performance rendered to an unauthorized person is valid if the obligee has derived a benefit from it, but only for the amount of the benefit.