The assumpting of a debt is in the German and Austrian law of contract a personnel change of the obligation, with which to the place of the past debtor a new debtor steps. The agreement of the creditor is necessary, so that it is protected against forcing a perhaps insolvent debtor upon. The German right regulates the assumpting of a debt in "§"§ 414 FF. the civil law book (BGB).
Changes of the obligation
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A» Achievement deposit» Achievement disbursements » Additional financial assistance » Annuity charge » Annuity loan » Appropriate manufacturing costs » Arbitrage » Arbitrage liberty » Assumpting of a debt |
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