Book One: Obligations · Section Two: Effects of the Obligation · Chapter Two: Means of Performance · Part Two: Performance by Equivalent · Second: Set-off
Set-off is the extinguishment of a debt owed by one party to another by means of a debt owed by the latter to the former. It is either legal, taking effect by operation of law; contractual, effected by agreement of the parties; or judicial, effected by a judgment or order of the court.
Interpretation and application must be checked against the official text and current version.
