Article 1180

Article 1180.   When the debtor binds himself to pay when his means permit him to do so, the obligation shall be deemed to be one with a period, subject to the provision of article 1197.

Artikulo 1180. Kapag ang taong may pagkakautang ay ibinigkis ang kanyang sarili na siya ay makakabayad ku8ng ito ay ipahihintulot ng kanyang kakayanan, ang obligasyon ay ipinagpapalagay na mayroong takdang panahon, isinasailalim sa probisyon ng artikulo 1197.

Ø  When the debtor binds himself to pay forms of promise or commitment, the obligation is deemed with a period or term.

Ø  The moment of payment is dependent upon the will of the debtor.

Note:   As the time of payment is not fixed, the same must be first fixed first before any action for collection should be allowed. This means, the creditor cannot immediately file an action for collection of the sum promised to be paid.

Phrases Indicating A Term or Period

1.    A commitment to pay “little by little”

2.    “As soon as possible”

3.    “As soon as I have money”

4.    When the creditor agreed “to wait until such time the debtor could pay the full indebtedness.”

5.    Obligation to be paid “in partial payments”