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LECTURETWOOO
LECTURETWOOO
LECTURETWOOO
Is a future and uncertain event, upon the happening of which, the effectively
or extinguishment of an obligation (or right) subject to it depends.
CONDITIONAL OBLIGATION
Is one whose consequences are subject in one way or another to the fulfillment
of a condition.
PURE OBLIGATION
One which is not subject to any condition and no specific date is mentioned
for its fulfillment and is, therefore, immediately demandable.
RESOLUTORY CONDITION
Which is demandable at once, but the happening of an event would extinguish
the obligation.
SUSPENSIVE CONDITION
One where the happening of an event gives rise to an obligation.
Take effect at once, but terminate upon arrival of the day certain.
PERIOD OR A TERM
A future and certain event upon the arrival of which the obligation subject to it
either arises or is extinguished.
The creditor cannot demand the performance of the obligation before the
expiration of the designated period; neither can the debtor perform the
obligation before expiration of the period.
POTESTATIVE CONDITION
A condition suspense in nature and which depends upon the sole will of the
contracting parties.
CASUAL CONDITION
If the suspense condition depends upon chance or upon the will of a third
person, the obligation subject to it is valid.
MIXED CONDITION
The obligation is valid if the suspense condition depends partly upon chance
and partly upon the will of a third person.
Article 1183
Remedies available to a creditor to preserve his rights before the fulfillment of the
obligation
BILATERAL OBLIGATION
When both parties are mutually bound to each other making them both the
debtor and creditors of each other.
RECIPROCAL OBLIGATION
Those which arise from the same cause and in which each party is debtor and
creditor of the other.
A party cannot demand unless he complies or is ready to comply with obligation
NON-RECIPROCAL OBLIGATION
A. Potestative
B. Impossible conditions
C. Those contrary to law, good customs, morals, public order or public policy
The debtor may recover what he has paid including the fruits and interest if he is
unaware of the period
Knowing that the obligation is not yet due He cannot recover what he has paid.
GENERAL RULE: The period attached to the obligation is for the benefit of the both
parties
ALTERNATIVE OBLIGATION
When two things are equally, due under an alternative. The obligor is bound to
render only one of two or more items of performance.
FACULTATIVE OBLIGATION
Where one protestation has been agreed upon but the obligor may render
another substitution and where one thing is due but another is paid in its place
Right of choice
LIMITATION (Debtor)
SIMPLE OBLIGATION
When a person who has a right of choice has communicated his choice and
that one choice is the only practicable one