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10 Cards in this Set

  • Front
  • Back

Or default or mora is the failure to perform an obligation on time which failure constitutes a breach of obligation

Legal delay

Any event which cannot be foreseen

Fortuitous event

A future uncertain event upon the begginning of which effectivity or extinguishment of an obligation subject to it depends

Condition

There is no retroactivity because the fruits and interests recieved during the pendency of the condition are deemed to have been mutually compensated

Reciprocal obligations

Is one which is not subject to any condition and no specific date is mentioned for its fulfillment and is immediately demandable

Pure obligation

A condition suspensive in nature and which depends upon the sole of one of the contracting parties is known as

Potestive condition

Is one whose effects or consequences are subjected in one way or another to the experation or arrival of said period or term

Obligation with a period

When it is not fixed or it is not known when it will come

Indefinite period

Is one wherein various prestations are due but the performance of one of them is sufficient as determined by the choice which, as general rule, belongs to the debtor

Alternative obligation

Only one prestation has been agreed upon but the obligor may render another in substitution

Facultative obligation