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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 |
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Any event which cannot be foreseen |
Fortuitous event |
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A future uncertain event upon the begginning of which effectivity or extinguishment of an obligation subject to it depends |
Condition |
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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 |
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Is one which is not subject to any condition and no specific date is mentioned for its fulfillment and is immediately demandable |
Pure obligation |
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A condition suspensive in nature and which depends upon the sole of one of the contracting parties is known as |
Potestive condition |
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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 |
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When it is not fixed or it is not known when it will come |
Indefinite period |
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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 |
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Only one prestation has been agreed upon but the obligor may render another in substitution |
Facultative obligation |