III. Condonation or Remission of Debt

     Act of liberality by virtue of which credit or abandons his right

·        Gratuitous

·        Accepted by debtor

·        Obligation must be demandable

·        Parties must be capacitated

·        Donation not inofficious

·        Forms in express condonation

     h.i. Implied remission

     --  Delivery of private document evidencing credit

     -- If thing pledge is found in the possession of debtor or owner

         of thing

     -- Renunciation of principal extinguish accessory obligation