Termination of Real Security
The real right of the secured creditor could be terminated in a number of ways. The principal methods were the extinction or discharge of the secured obligation; the sale of the thing over which the security had been established, following the debtor's failure to repay the debt at the due date; the destruction of such thing or its removal from the sphere of normal commercial transactions; merger through which the creditor acquired ownership of the property in question (confusio)[568]; waiver of his right by the creditor; the exercise of the ius offerendi et succedendi[569]; and extinctive prescription.[570]
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