and with respect to maturity—whether the debt is presently due or deferred (1)—and any excess is of no consequence (2)(3).

Only the consent of the transferor is required; that of neither the transferee nor the creditor is, provided the transfer is made to someone able to pay. Once the transfer is effected, the liability moves to the transferee’s account and the transferor is discharged, even if the transferee later becomes insolvent, denies the debt, or the like.

If a debt corresponding to the price of a sale is transferred—whether by or onto a party—and the sale is subsequently found to be void, the transfer itself is void; this does not apply when the sale is merely rescinded.

Chapter on Settlement (4)

Conciliation is valid whether the claim is admitted or denied. Thus, if a debtor acknowledges a debt or a specific item and the creditor waives or gifts part of it and takes the remainder, the settlement is valid without any special stipulation or even the use of the word “settlement.” If part of a debt that has already fallen due is remitted while the rest is deferred, the remission stands but the deferment does not.

If a deferred debt is settled for the immediate payment of part of it—or the reverse (5)—, or he admits owing a house and they settle for his occupying it for a set period, or for building him a room (6) above it, or he settles with a competent person so that the latter will acknowledge himself to be his slave or spouse in return for compensation, none of this is valid.