Beruflich Dokumente
Kultur Dokumente
OBLIGATIONS Obligation is a juridical necessity to give, to do or not to do. It comes from the Latin word obligare which means to bind. GENERAL PROVISIONS Nature of obligations under Civil Code Civil Obligations legally demandable and the courts of justice may compel their performance. Natural Obligations based on morality, natural law and conscience, they are not legally demandable.
Requisites of Obligations Juridical or legal tie the vinculum or the link that binds the party Prestation - consist in giving, doing or not doing something Active subject person who can demand the performance of the obligation or known as the creditor or oblige Passive subject the person from whom prestation is demandable or known as the debtor or obligor Illustration: A entered into a contract with B whereby A agreed to deliver to B a washing machine on Monday. The juridical tie is the contract, the prestation is the delivery of the washing machine, the active subject is B, and the passive subject is A. Sources of Obligations Law imposed by the law itself Illustration: By provision of law, a husband and wife are obliged to live together, observe mutual respect and fidelity, and render mutual help and support. Contracts the meeting of minds between two persons whereby one binds himself with respect to the other to give something or to render service. 283
Loading Next Page
Looking for FREE ECE/EE online review? Visit our website @ www.powerfulreviewcenter.com Contact Us: 0939.926.3210 / 0927.843.8742
GEAS