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54 Cards in this Set
- Front
- Back
A juridical necessity to give, to do, or not to do |
Obligation |
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Any rule of action or any system of uniformity. |
Law |
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It is the thing that is particularly designated or physically segregated from all others of the same class. |
Determinate thing |
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Is an act or omission by a person which causes damage to another in his person, property, or rights giving rise to an obligation to pay for the damage done. |
Quasi-delict |
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The delay on the part of the debtor to fulfill his obligation. |
Mora Solvendi |
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The delay on the part of the creditor to accept the performance of the obligation. |
Mora Accipiendi |
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The right or power of a person to demand from another as a definite passive subject. The fulfillment of the latter’s obligation to give, to do or not to do. |
Personal right |
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The right or interest of a person over a specific thing without a definite passive subject against whom the right may be personally enforced. |
Real right |
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The voluntary management of the property or affairs of another without the knowledge or consent of the latter. |
Negotiorum gestio |
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Is the juridical relation which is created when something is receive when there is no right to demand it and it was unduly delivered through mistake. |
Solutio indebiti |
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Any event which cannot be foreseen or which, though foreseen is inevitable. Stated otherwise, it is an event which is either impossible to foreseen or impossible to avoid. |
Fortuitous event |
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It is the deliberate or intentional evasion of the normal fulfillment of an obligation.
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Fraud |
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Condition the happening of which gives rise to the obligation. |
Suspensive condition |
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This is a condition the happening of which extinguishes the obligation |
Resolutory condition |
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A condition that depends upon the will of one of the contracting parties |
Potestative condition |
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One where the whole obligation is to be paid or fulfilled proportionately by the different debtors or is to be demanded proportionately by the different creditors. |
Joint obligation |
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One where each one of the debtors is bound to render or each one of the creditors has a right to demand from any of the debtors’ entire compliance with the prestation. |
Solidary obligation |
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The object or subject matter of the obligation may consist of giving, doing, or not doing something. |
Prestation |
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Are fruits of a thing or additions to or improvements upon a thing (principal) |
Accession |
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Are things joined to or included with the principal thing for the latter’s embellishment, better use, or completion. |
Accessory |
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It consists in the declaration of legal rules by a competent authority. |
Legislation |
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An accessory undertaking to assume greater liability in case of breach in the obligation |
Penal clause |
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Gratuitous abandonment by the creditor of his right to the obligation. |
Condonation |
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Obligation not susceptible of partial performance. |
Indivisible obligation |
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The condition that some event happens at the determinate time |
Positive condition |
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The condition that some event will not happen at the determinate time. |
Negative condition |
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Delivery of the some or thing due with the judicial authority. |
Consignation |
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Choosing the debt to which payment is to be applied |
Application of payment |
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The restoration of something lost or stolen to its proper owner. |
Restitution |
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Payment for harm or damage. |
Reparation |
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Means one party agrees to pay losses incurred by another to a third party. |
Indemnification |
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Essential requisites of an obligation |
1. Passive Subject (debtor or obligor) 2. Active Subject (creditor or obligee) 3. Object or Prestation (subject matter of the obligation) 4. A juridical or legal tie (efficient cause) |
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The person who is bound to the fulfillment of the obligation, he who has a duty. |
Passive subject |
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The person who is entitled to demand the fulfillment of the obligation, he who has a right. |
Active subject |
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The conduct required to be observe by the debtor. It may consist in giving, doing, or not doing. Without the prestation there is nothing to perform. |
Object or prestation |
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Which binds or connect the parties to the obligation. |
Juridical or legal tie |
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Cannot be novated because there is nothing to novate, however if the original obligation is only voidable or if the voidable obligation is validated by the ratification the novation is valid. |
Void obligation |
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The following are the requisites of an obligation; except |
Demand |
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Obligation may arise from any of the following except. |
Prestation |
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It is the voluntary administration of the property of another without his consent. |
Negotiorum gestio |
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Unless the law or the stipulation of the parties require another standard of care, every person obliged to give something is also obliged to take care of it with. |
Diligence of a good father |
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The creditor has a right that is enforceable against a definite passive subject. This right is known |
Personal right |
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D is obliged to give C a specific car, if C passes the CPA Licensure Examination. D’s obligation is an example of |
Obligatiom with a suspensive condition |
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When the debtor binds himself to pay when his means permit him to do so the obligation is |
Obligation with a suspensive period |
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The debtor shall lose the right to make use of the period in the following cases except when he |
Does not furnish any guaranty or security to the creditor |
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In obligation with a penal clause the creditor as a rule may recover from the debtor in case of breach the following |
Only the penalty |
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The delivery and transmission of ownership of a thing by the debtor to the creditor as an accepted equivalent of performance is known as |
Dation in payment |
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The offer made by the debtor to pay his obligation to his creditor is known as |
Tender of payment |
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M owes 10000. The obligation is evidenced by a promissory note subsequently, P assign the note to A, A to B, B to C and C back to M. The obligation of M is extinguished by |
Confusion |
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D borrowed 50000 from C. subsequently, D proposed to C that T would assume his (D’s) debt. C accepted the proposal of D. this substitution of debtor is known as |
Dacion en pago |
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D owes C 50000 subsequently D propose to C that T will assume his (D’s) debt. C accepted the proposal of D. this type of novation which involves the substitution of the debtor is known as |
Delegacion |
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Distributive obligation where only one prestation is due but the debtor may substitute another |
Facultative obligation |
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Article 1189 |
When the conditions have been imposed with the intention of suspending the efficacy of an obligation to give, the following rules shall be observed in case of the improvement, loss or deterioration of the thing during the pendency of the condition: 1. If the thing is lost without the fault of the debtor, obligation shall be extinguished2. If the thing is lost through the fault of the debtor, he shall be obliged to pay damages; it is understood that tge thing is lost when it perishes, or goes out of commerce, or disappears in such a way that its existence is unknown or it cannot be recovered3. When the thing deteriorates without the fault of the debtor, the impairment is to be borne by the creditor4. If it deteriorates through the fault of the debtor, the creditor may choose between the rescission of the obligation and its fulfillment, with indemnity for damages in either case5. If the thing is improved by its nature, or by time, the improvement shall inure to the benefit of the creditor6. If it is improved at the expense of the debtor, he shall have no other right than that granted to the usufructuary. |
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Article 1231 |
Obligations are extinguished: 1. By payment of performance 2. By the loss of the thing due 3. By the condonation or remission of the debt 4. By the confusion or merger of the rights of creditor and debtor 5. By compensation 6. By novation Other causes of extinguishment of obligations, such as annulment, recission, fulfillment of a resolutory condition, and prescpription, are governed elsewhere in this Code. |