When the debtor binds themselves to pay when his means permit him to do so, the obligation is:

Prepare for the Regulatory Framework for Business Transactions (RFBT) CEGG Exam. Study with flashcards and multiple-choice questions, complete with explanations. Ensure you're ready to excel with comprehensive insights and practice materials!

Multiple Choice

When the debtor binds themselves to pay when his means permit him to do so, the obligation is:

Explanation:
Performance is postponed to a future moment defined by the debtor’s financial ability. This is a suspensive period: the obligation exists from the start, but payment becomes due only when the debtor has means to pay. It differs from a suspensive condition, where the obligation itself does not arise until a future event occurs; here the debtor has bound himself now and the time of performance is simply postponed until funds are available. It also differs from a pure, unconditional obligation, which is due immediately, and from a resolutory condition, where the obligation would end upon a future event.

Performance is postponed to a future moment defined by the debtor’s financial ability. This is a suspensive period: the obligation exists from the start, but payment becomes due only when the debtor has means to pay. It differs from a suspensive condition, where the obligation itself does not arise until a future event occurs; here the debtor has bound himself now and the time of performance is simply postponed until funds are available. It also differs from a pure, unconditional obligation, which is due immediately, and from a resolutory condition, where the obligation would end upon a future event.

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