LAW ON OBLIGATIONS Flashcards
ART. 1156
AN OBLIGATION IS A JURIDICAL NECESSITY TO GIVE, TO DO OR NOT TO DO
ACT OR PERFORMANCE WHICH THE LAW WILL ENFORCE
OBLIGATION
THE POWER WHICH A PERSON HAS UNDER THE LAW, TO DEMAND FROM ANOTHER PRESTATION
RIGHT
AN ACT OR OMISSION OF ONE PARTY IN VIOLATION OF THE LEGAL RIGHT OR RIGHTS OF ANOTHER, CAUSING INJURY TO THE LATTER
WRONG( CAUSE OF ACTION)
ILLEGAL INVASION OF A LEGAL RIGHT
INJURY
LOSS, HURT, OR HARM WHICH RESULTS FROM THE INJURY
DAMAGE
DENOTE THE SUM OF THE MONEY RECOVERABLE AS AMENDS FOR WRONGFUL ACT OR OMISSION
DAMAGES
QUI JURE SUO UTITOR MULLUM DAMNUM FACIT
ONE WHO MAKES USE OF HIS LEGAL RIGHT DOES NO INJURY
DAMNUM ABSQUE INJURIA
DAMAGE WITHOUT INJURY - DAMAGE RESULTS FROM A PERSON’S EXERCISING HIS LEGAL RIGHTS
THE PARTY WHO HAS THE RIGHT TO DEMAND PERFORMANCE OF THE OBLIGATION
ACTIVE SUBJECT (CREDITOR OR OBLIGEE)
OBLIGED TO PERFORM THE OBLIGATION
PASSIVE SUBJECT (DEBTOR OR OBLIGOR)
OBJECT OR SUBJECT MATTER OF THE OBLIGATION
PRESTATION
VINCULUM JURIS
LEGAL TIE
LEGAL TIE THAT BINDS THE PARTIES TO AN OBLIGATION
EFFICIENT CAUSE
OBLIGATION TO GIVE
REAL OBLIGATION
SUBJECT MATTER IS AN ACT TO BE DONE OR NOT TO BE DONE
PERSONAL OBLIGATION
OBLIGATION TO DO OR TO RENDER SERVICE
POSITIVE PERSONAL OBLIGATION
OBLIGATION NOT TO DO
NEGATIVE PERSONAL OBLIGATION
Actions based upon a written contract should be brought within ______ from the time the right of action accrues.
10 yrs
The cause of action resulting from breach of contract is dependent
on the ______ of each particular case.
facts
In an action to rescind a contract of sale on installment basis, for
non-payment, the cause of action arises at the time ___________.
the last installment is not paid
Where an overdraft agreement stipulates that the obligation is
payable on demand, the breach starts only when ____________.
demand is made
In a contract of loan with real estate mortgage, whereby the
creditor could unilaterally increase the interest rate, where the creditor
foreclosed the mortgage when the debtor failed to pay the loan, the
cause of action for the annulment of the foreclosure sale should be
counted from the date _____________________________
the debtor discovered the increased interest rate
Sources of Obligation
- Law
- Contracts
- Quasi-Contracts
- Delicts
- Quasi-delicts
a rule of conduct, just and obligatory, laid down by legitimate authority for common
observance and benefit
LAW
meeting of the minds between two or more persons whereby one
binds himself with respect to the other, to give something or to render some service.
CONTRACTS
they refer to certain lawful, voluntary, and unilateral acts giving rise to a
juridical relation to the end that no one shall be unjustly enriched at the expense of another.
QUASI-CONTRACTS
refers to the voluntary administration of the property,
business, or affairs of another without his consent or authority. There is now an obligation
to reimburse the gestor/inofficious manager for the necessary and useful expenses.
Negotiorum Gestio
this refers to the payment by mistake of an obligation, in excess of
what should have been paid or payment to a person not due to receive it.
Solutio Indebiti
acts or omissions punishable by law. This refer to crimes or felonies defined under the
law to be punishable as such.
Delicts
these are acts or omissions that cause damage to
another there being fault or negligence but without any existing contractual relation between the
parties. The obligation created is one of payment for damages.
Quasi-delict (tort or culpa aquiliana)
Requirements of a valid contract.
not contrary to law, morals, good customs, public order, and public
policy.
valid contracts have the force of law between the parties
who are bound to comply therewith in good faith, and neither one
may without the consent of the other, renege therefrom.
BINDING FORCE