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OBLICON
OBLICON
4 ELEMENTS OF OBLIGATION
CIVIL OBLIGATION
NATURAL OBLIGATION
5 SOURCES OF OBLIGATION
1. LAW
2. CONTRACTS
3. QUASI-CONTRACTS – arise from lawful, voluntary acts; no one shall be unjustly enriched...
2Kinds
Rule: The creditor has personal right (right to ask for delivery) from the time the obligation to deliver
arises.
But NO real right (right enforceable against the whole world) until it is delivered.
3 KINDS OF FRUITS
1. Determinate
a. Performance
b. Damages
2. Generic
a. Performance
b. Damages
1. Damages
Exceptions:
1. Law states
2. Stipulation/contract states
3. Assumption of risk
4. Delay
5. Debtor promises deliver to 2/more persons who do not have same interest (bad faith)
- extinguish the obligation if determinate; generic does not extinguish the obligation
2. If debtor fails to do, it shall be DONE AT HIS EXPENSE, same with doing the contravention; poorly
done be undone.
3. In obligation not to do, and obligor does what is forbidden, shall be UNDONE AT HIS EXPENSE.