OBLICON

Business Law (Obligations and Contracts)

REVIEWER / SECOND SEMESTER / FINALS

OUTLINE
Obligations (Article 1156-1304, Civil Code)
I Ch. 1 – General Provisions
A Articles 1156-1162
II Ch. 2 – Nature and Effect of Obligations
A Articles 1163-1178
III Ch. 3 – Different Kinds of Obligations
A Classifications of Obligations
a Sec.1 – Pure and Conditional
Obligations (Art. 1179-1192)
b Sec. 2 – Obligations with a Period (Art.
1193-1198)
c Sec. 3 – Alternative Obligations (Art.
1199-1206)
d Sec. 4 – Joint and Solidary Obligations
(Art. 1207-1222)
e Sec. 5 – Divisible and Indivisible
Contract (Art. 1223-225)
f Sec. 6 – Obligations with a Penal
Clause (Art. 1226-1230)
IV Ch.4 – Extinguishment of Obligations
A General Provisions, Article 1231 – Causes
of Extinguishment of Obligation
a Sec. 1 – Payment or Performance
1. Subsec.1 – Application of
Payments (Art. 1252-1254)
2. Subsec. 2 – Payment by Cession
(Art. 1255)
3. Subsec. 3 – Tender of Payment
and Consignation (Art. 1256-1261)
b Sec. 2 – Loss of the Thing Due (Art.
1262-1269)
c Sec. 3 – Condonation or Remission of
Debt (Art. 1270-1274)
d Sec. 4 – Confusion or Merger of Rights
(Art. 1275-1277)
e Sec. 5 – Compensation (Art. 1278-
1290)
f Sec. 6 – Novation (Art. 1291-1304)

CHAPTER 1: GENERAL PROVISIONS

Article 1156. An obligation is a juridical necessity to
give, to do, or not to do.

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