Finals

Question 1

Define contract.

Answer 1

A contract is a meeting of minds between
two persons whereby one binds himself, with
respect to the other, to give something or to render
some service.

Question 2

Define obligation.

Answer 2

An obligation is a juridical necessity to
give, to do or not to do.

Question 3

Essential common requisites of Contract

Answer 3

• Consent
• Object
• Cause

Question 4

Elements/requisites of Obligation

Answer 4

• Passive subject (debtor)
• Active subject (creditor)
• Object or Prestation
• Juridical or legal tie

Question 5

Four sources of Obligation

Answer 5

• Law
• Contracts
• Quasi-contracts
• Crimes or acts or omissions punished by
law
• Quasi-delicts or torts