Professional Documents
Culture Documents
Obligations & Contracts (RFBT)
Obligations & Contracts (RFBT)
Civil Obligations:
In case of non-compliance, the courts of justice may be called upon to enforce its fulfillment or,
in default thereof, the economic value that it represents.
Essential Requisites
Parts of the obligations that needed to be considered thus absent of at least one will not be considered
as CIVIL OBLIGATION.
A is obliged to pay his income taxes.
Passive subject (Obligor) – person who is bound
Passive subject A
to the fulfillment of the obligation.
Active subject Philippine Government (BIR)
Active subject (Obligee) – person who is Prestation To give money (pay income tax)
entitled to demand the fulfillment of the Juridical tie Law (Tax Code)
obligation.
Prestation/Object/Subject Matter – conduct required to be observed by the debtor (it may
consist in giving, doing, or not doing)
Juridical tie/ Vinculum/Vinculum juris – binds or connects the parties to the obligation.
Contract of Sale
Terms to remember: