THE LAW ON

OBLIGATIONS AND
CONTRACTS
COURSE OUTLINE
COURSE OUTLINE
COURSE OUTLINE
COURSE OUTLINE
WHAT IS LAW?
 LAW

• Any rule of action or any system of uniformity.

• It determines not only the activities of men but

also the movements or motions of all objects of
creation, whether animate or inanimate.
 WHAT ARE THE
CHARACTERISTICS OF
LAW?
 CHARACTERISTICS OF
LAW
• It is a rule of conduct.
• It is obligatory.
• It is promulgated by legitimate authority.
• It is of common observance and benefit.
WHAT ARE THE SOURCES
OF LAW?
 SOURCES OF LAW
• Constitution
• Legislation
• Administrative or Executive Orders, regulations and
rulings
• Judicial decisions or jurisprudence
• Custom
• Other Sources
 WHAT ARE THE
CLASSIFICATIONS OF
LAW?
 CLASSIFICATIONS OF
1) As to its purpose: LAW
a) Substantive Law
b) Remedial Law
2) As to its subject matter:
a) Public Law
b) Private Law
WHAT IS THE LAW ON
OBLIGATIONS AND
CONTRACTS?
 OBLIGATIONS AND
CONTRACTS
• The body of rules which deals with the nature
and sources of obligations and the rights and
duties arising from agreements and the
particular contracts.
WHERE IS THE LAW ON
OBLIGATIONS AND
CONTRACTS FOUND?
 OBLIGATIONS AND
CONTRACTS
• The Law on Obligations and Contracts is found
in Republic Act No. 386 (Civil Code of the
Philippines).
• It was approved on June 18, 1949 and took
effect on August 30, 1950.