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Oblicon
Oblicon
Conditional
– dependent on the fulfillment of an uncertain thing to happen;
2 Types of Condition
1. Suspensive – the obligation will only come to birth upon fulfillment; no rights yet
2. Resolutory – obligation will cease upon fulfillment; immediately demandable
Exceptions:
– dependent on the will of the debtor but resolutory
– when there is a pre-existing obligation
Period/Term
– it is a thing or event that is certain to happen which establishes the cause of action for the juridical tie;
enforcement or resolution is suspended until such term is established
2 Types of Period/Term
1. Suspensive – enforcement is suspended
2. Resolutory – immediately demandable; the obligation will cease upon fulfillment
When does the debtor lose his right to make use of the period?
1. He becomes insolvent
2. Did not deliver to the creditor guaranties or securities which he has promised
3. Impaired security through his own acts or through fortuitous event, unless he gives a new security
equally satisfactory
4. He violates undertaking in consideration of extension of period
5. Debtor attempts to abscond
Alternative Obligation
– an obligation wherein there are several prestations involved and the person bound is obligated to
perform one or some of them.
Right to Choose
– Choice generally belongs to the debtor but may be expressly given to the creditor or to a 3 rd party.
Debtor must not go against the creditor. It is actually an obligation to choose!!!
Facultative Obligation
– an obligation wherein one prestation has been agreed upon but the debtor may render another in
substitution
De Buen Doctrine
– The act of a joint creditor which would ordinarily interrupt the period of prescription would not be
valid because the indivisible character of the obligation requires collective action of the creditors (De
Buen/ Art. 1209)
Obligation with a Penal Clause
– An obligation to which an accessory undertaking is attached for the purpose of insuring its
performance by virtue of which the debtor is bound to pay a stipulated amount or perform a stipulated
performance in case of breach