Transmissibility of obligations

All rights acquired by virtue of an obligation are generally transmissible. The pertinent legal basis is found in Article 1178 of the Civil Code, to wit:
Art. 1178. Subject to the laws, all rights acquired in virtue of an obligation are transmissible, if there has been no stipulation to the contrary. (1112)
The exceptions to this rule are: a) nature of obligation; b) prohibited by law; and c) prohibited by stipulation of parties. Moreover, only personal obligations, or those identified with the persons themselves are extinguished by death. (Stronghold Insurance Co. v. Republic-Asahi Glass Corp., G.R. No. 147561, 2006)