Chapter 4: General Theory Of Obligations Flashcards
Obligation concept
Obligations consist on giving, doing or refraining from doing something
Obligations elements
- Subjective elements
- Objective elements
- Legal binding
Subjective elements in obligations
- Creditor
- Debtor
Synallgamatic obligation
The role of creditor and debtor should be performed simultaneously and reciprocally
Objective elements in obligations
- Possibility
- Lawfulness
- Determination
Possibility as objective element
The consideration is achievable
Lawfulness as objective element
Consideration must be lawful and adjusted to morality and public order
Determination as objective element
Consideration must be determined or determinable
Legal binding in obligations
Link between creditors and debtors until the obligation is extinguished
Sources of obligations
- Law
- Contracts
- Obligations born from fraud or negligence
- Special cases
Law as source of obligation
Obligations arising from the law should not be presumed, only expressly established
Contracts as source of obligation
- It entails the existence of an agreement between at least two people
- Parties may agree on any conditions they want as long as they are according to the law
Obligations born from fraud or negligence
A person who, as a result of an action or omission, causes damage to another through his fault or negligence shall be obliged to repair the damage caused
Kinds of obligations
- For type of consideration
- For the way of compliance
Obligations for the type of consideration
- Obligations of giving something
- Obligations of doing something
- Obligations of not doing something
Obligations of giving something
- General: Transfer of possession or property
- Pecuniary: Giving money