HO_02

Question 1

The body of rules which deals with the nature and sources of obligations and the rights and duties arising from agreements and particular contracts.

Answer 1

Law on Obligations and Contracts

Question 2

It is a tie or bond recognized by law by virtue of which one is bound in favor of another to render something (giving, doing, or not doing)

Answer 2

Obligation

Question 3

Under our system of law, where is the law on obligations and contract found?

Answer 3

New Civil Code

Question 4

The topics pertaining to Obligations are contained in Articles _________

Answer 4

1156-1304

Question 5

The topics pertaining to Contracts are contained in Articles

Answer 5

1305-1422

Question 6

The backbone of the Law on Sales, Agency,
Partnership, Barter etc.

Answer 6

Obligations and Contracts

Question 7

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

Answer 7

Article 1156

Question 8

What is a juridical necessity and what does it imply?

Answer 8

It basically means that in case of non-compliance, the courts of justice may be called upon by the aggrieved party to enforce its fulfillment.

Question 9

Essential requisites of an obligation

Answer 9

Passive subject
Active subject
Object or prestation
Juridical tie or Legal tie

Question 10

The act or performance which the law will enforce.

Answer 10

Obligation

Question 11

The power which a person has under the
law, to demand from another any prestation/object.

Answer 11

Right

Question 12

An act or omission of one party in violation of the legal right or rights of another, causing injury to the latter.

Answer 12

Wrong (cause of action)

Question 13

Kind of Obligations according to subject matter:

Answer 13

Real obligation (Obligation to give)
Personal obligation (Obligation to do or not to do)
- Positive personal
- Negative personal