A - General Provisions (1156-1162) Flashcards
January 15, 17, 24 - General Provisions (1156-1162)
what are the type of prescription?
extinctive & acquisitive prescription
Delta borrowed 100k from Charlie payable 15 years ago as evidence by the promissory note. –may delta recover what she paid to charlie? If so, on what ground may delta recover waht hse paid?
Delta has no more legal obligation and civil obligation because charlie lost the right to compel performance
what is required to collect interest.
when you borrow money from a creditor and an imposed annual interest. that is called? [a]
if failed to and suffered loses, it is called [b]
moratory/monetary interest
compensatory interest
for montery interest to be demandable, what is the rule
it has to be in writing
it is not enough for there to be agreement, it can never be demandable unless it is not stipulated in writing.
so are commonpeoplpe suppose to know the law?
“ignorance of the law excuses no one from compliance therewith.” Art 3 Civil Code
1424-1430 is not an exclusive list
“to do to not to do”
personal obligation
involves the delivery of an object (car, book, money) is called
real obligation
significance of determining real and personal obligations?
the remedies are different
if money
debtor creditor
if generic
obligee, obligor
loan
borrow, lender
art 1170
‘in any manner contravene the tenor thereof’ - no delivery is made
delayed delivery is fine.
what is the specific performance?
compelling obligor to do that which is contemplated in the obligation
[ex]
if there is non delivery of lechon, you go to court, and court will supply to deliver
contractor failed to build house for occupancy on jan 1 2024. there is failure to perform a personal obligation
can you go to court and ask court to make them finish?
no. specific performance is not the remedy.
substituted perforamnce - someone does it and the charge will be on the first contractor (if you haven’t paid)
other situation (if you paid ahead 50millino) what is the remedy -
what was built was only 3 poles
remedy is to sue the 49.9 millino + damages to the first contractor
situation: repair of alaptop - actual expenses, loss of income
substituted performance
if subsituted performance is no longer an option, there are personal obligation that only the obligor can perform
taylor swift didn’t perform in contract. substituted performance is not a remedy.
equivalent performance is in the form of damages and damages because of penalties
obligations where time is essence, lechon and nothing for sinulog, yo ucan’t get the time back for subtituted performance so the remedy is
equivalent performance
may the private complainant in an estafa case file a separate civil action to collect sum of money during the pendency of the estafa case?
this preludes to sources of obligations
JAN 17
JAN 17
case on husband and wife bound by law to support one another
pelayo v. lauron
case where an employee, when injured in work may either receive compensation from employer or sue the one who caused the injury
bautista v. borromeo