|: |LAW 1 | |II. |Course Title |: |OBLIGATION AND CONTRACTS | |III. |Course Credit |: |3 units
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CHAPTER 1 General Provisions “An obligation is a juridical necessity to give‚ to do or not to do.” (Art. 1156) * OBLIGATION * obligatio‚ Latin‚ means tying or binding * tie or bond recognized by law by virtue of which one is bound in favor of another to render something * duty under the law of the debtor or obligor - Civil Code * Juridical Necessity * the rights and duties arising from obligation are legally demandable and the courts of justice may be called
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iv) Jurisprudence – Decisions of the Supreme Court (SCRA) Stare decisis v) v) Treaties and Generally accepted principles of International Law - Art II Sec 2‚ Pacta sund servanda vi) vi) Customs – habits and practices through long and accepted usage have become binding rules of conduct vii)vii) Principles of Justice and Equity – common law jurisdiction a. b. b. c. Characteristics of Law Rule of Conduct Obligatory Promulgated by legitimate authority Of common observance and benefit a. a. Organization
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Chapter 4 EXTINGUISHMENT OF OBLIGATIONS Section 1 – PAYMENT OR PERFORMANCE Payment It is the fulfillment of a promise; the performance of an agreement. This consists of: a. the delivery of money or its equivalent in specific property or services‚ or b. doing a certain act or not doing a certain act. How payment is made a. The thing or service contemplated must be delivered or rendered. 1. The debtor of the thing cannot compel the creditor to accept a different one although the latter
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The term ‘consumer’ is used to describe the way society is today‚ in the same sense as we lived in an industrial society before this. The life we live is based around the activity of consuming in many ways‚ so much that we have come to live in a ‘consumer society’. When it comes to buying we like to believe we freely chose to buy that object‚ this means that we can buy something we want without any external influences. This essay is going to discuss the idea of freedom of choice in relation with
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Throughout the chapter‚ Genetic Choices‚ the issue of moral obligations in regards to genetic information about potential disease and illness. Upon review‚ I find individuals to have a moral obligation to warn others if they have knowledge about their genetic predisposition in regards to disease and/ or illness. The first case I will discuss is when an individual knows their family members are either at great risk or are certain to have a specific disease and/ or illness due to their diagnosis or
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Professor Norford ENC 1101 3 March 2014 Word Count: 828 The Obligation to Endure Carson writes this essay informing us about pesticides and chemicals farmers use on their crops that can danger our echo system. The pollution man is creating “is for the most part irrecoverable; the chain of evil it initiates not only in the world that must support life but in living tissues is for the most part irreversible.” (Carson 2) There are many different ways that pollution can harm the environment‚ from
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A Report On Understanding Consumer Behaviour towards Luxury Products By Jitesh Sanghvi MMS – 137‚ Marketing Year 2009-10 K J Somaiya Institute of Management Studies & Research Understanding Consumer Behaviour towards Luxury Products Understanding Consumer Behaviour Towards Luxury Products By Jitesh A Sanghvi Under the guidance of Mar. Nilesh Talreja Senior Executive Interface Communication ______________ Designation SIMSR‚ Mumbai K J Somaiya Institute of Management
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Ethic Obligations Most workers understand that they must balance their home life and their career. But how they go about doing this is what most struggle with even today. A manager needs to think about their most resourceful asset‚ their employees. When you are a manager‚ you have the tough decisions to make in keeping with the company’s goals‚ but striving to make money for your stockholders as well. This paper will discuss the following two questions. What are the ethical implications of requiring
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How Consumer differentiation between store and manufacturer brands is affecting Tesco’s performance in the health and beauty care product domain. SECTION 1: THE RESEARCH TOPIC Unlike the yester-decades‚ store brands are growing at an exponential rate today on the scale of popularity. While the rising popularity of store brands is being observed virtually all over the world‚ it seems more prominent in the UK - at least in the case of health and beauty care products. This is primarily because
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