Text of the provision
Art. 1253. If the debt produces interest, payment of the principal shall not be deemed to have been made until the interests have been covered.
(1173)
Civil Code of the Philippines, Republic Act No. 386, approved June 18, 1949, effective August 30, 1950. Reproduced in full; verified verbatim against the LawPhil and ChanRobles official-text renderings.
What this article means
If the debt bears interest, payment is applied to the interest first, and the principal is not deemed paid until the interest is covered.
Related provisions
- Article 1252 — Application of Payments.
- Article 1254 — Application by Operation of Law.
Cases interpreting this article
- Authorities on this article will be added here as each is verified against primary sources.
Note. The text of the provision above is reproduced in full from the official enactment (Republic Act No. 386), verified against the LawPhil and ChanRobles renderings. The annotation and commentary around it are the work of Vivas & Nobles Law Office and are general legal information, not legal advice. How a provision applies to a particular situation depends on facts that only a lawyer reviewing your case can assess.