Q: What is conditional obligation?

A: It is an obligation subject to a condition and the effectivity of which is subordinated to the fulfillment or non
fulfillment of a future and uncertain event, or upon a past event unknown to the parties.

Q: Distinguish period from condition.

PERIOD CONDITION

As to Time

Refers to the future May refer to past event unknown to

the parties

As to Fulfillment

It will happen at an exact date or at an May or may not happen

indefinite time, but is sure to arrive

As to its Influence on the Obligation to be Fulfilled or Performed

No effect or influence upon the May give rise to an obligation

existence of the obligation but only in (suspensive) or the cessation of one
its demandability or performance already existing (resolutory)

An obligation with a period is one that has a fixed day certain for its fulfillment. Such an obligation is demandable
only when that day comes. The term a day certain refers to that which must necessarily come, although it may
not be known when.