Preview

Obligations-and-Contracts Philippine Reviewer

Good Essays
Open Document
Open Document
14857 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Obligations-and-Contracts Philippine Reviewer
ATENEO CENTRAL BAR OPERATIONS 2007 Civil Law SUMMER REVIEWER
OBLIGATIONS AND CONTRACTS TITLE 1 - OBLIGATION • Art. 1156. An obligation is a juridical necessity to give, to do or not to do. (n) • neither party may unilaterally evade his obligation in the contract, unless: a. Contract authorizes it b. Other party assents Parties may freely enter into any stipulations provided they are not contrary to law, morals, good customs, public order or public policy

CHAPTER 1. – GENERAL PROVISIONS See Arts. 1156 - 1162 ELEMENTS OF AN OBLIGATION: 1. Active subject (obligee/creditor): one in whose favor the obligation is constituted 2. Passive subject (obligor/debtor): one who has the duty of giving, doing or not doing 3. Object: prestation; the conduct which has to be observed by the debtor/obligor REQUISITES 1. it must be licit (otherwise it is void) 2. it must be possible, physically and juridically (otherwise it is void) 3. it must be determinate or determinable (otherwise it is void) 4. it must have pecuniary value a. Vinculum Juris: juridical/legal tie; binds the parties to the obligation b. Causa (causa debendi/causa obligationes): why obligation exists SOURCES OF OBLIGATION

QUASI-CONTRACT (OBLIGATION EX QUASICONTRACTU) • Juridical relation resulting from lawful, voluntary and unilateral acts, which has for its purpose, the payment of indemnity to the end that no one shall be unjustly enriched or benefited at the expense of another. • Distinguished from other Sources 1. act giving rise to a quasi contract must be LAWFUL distinguishing it from delict; 2. act must be VOLUNTARY distinguishing it from quasi-delict which is based on fault or negligence; 3. act must be UNILATERAL distinguishing it from contract which is based on agreement. (Tolentino, Volume IV, p. 68) KINDS OF QUASI-CONTRACT • Negotiorum gestio: unauthorized management; arises whenever a person voluntarily takes charge of the agency or management of another’s abandoned business or property without the

You May Also Find These Documents Helpful

  • Good Essays

    The subject matter of the course will be a comprehensive review of the law of contracts. In addition to the chapters referred to below, handout questions will be distributed to be discussed by the class at the end of the lecture for each chapter.…

    • 669 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Business Law

    • 1102 Words
    • 5 Pages

    For a promise to constitute consideration, the promise must impose an obligation on the person making it.…

    • 1102 Words
    • 5 Pages
    Satisfactory Essays
  • Good Essays

    Contracts Outline

    • 28411 Words
    • 114 Pages

    c. quasi: not contracts at all, construed by courts to avoid unjust enrichment, by permitting plaintiff to bring an action in restitution to recover the amount of the benefit conferred on defendant.…

    • 28411 Words
    • 114 Pages
    Good Essays
  • Good Essays

    Answer: The parties to do or not do a specific thing must base it on a mutual agreement. Parties who are competent to enter into a contract that will be enforceable against both parties must make it. The promise or obligation of each party must be supported by consideration. It must de for a lawful purpose the contract must not be illegal such as the unauthorized buying and selling of narcotics. The contract must meet certain formal requirements such as being in writing or under seal.…

    • 2514 Words
    • 11 Pages
    Good Essays
  • Satisfactory Essays

    8. A promise to pay in exchange for a promise of performance becomes an absolute duty when the agreement is formed -F…

    • 936 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Hussein

    • 316 Words
    • 2 Pages

    Application: To recover under the theory of quasi contract, the party seeking recovery must show that 1- the party has conferred a benefit on the other party. 2- the party conferred the benefit with reasonable expectation of being paid. 3- the party did not act as a volunteer in conferring the benefit. 4- the party receiving the benefit would be unjustly enriched if allowed to retain the benefit without paying for it.…

    • 316 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Business Law Chapter 7-9

    • 809 Words
    • 4 Pages

    2. What are the four basic elements necessary to the formation of a valid contract?…

    • 809 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    In a typical person’s lifetime they will encounter many situations where they will enter into a contract with someone else. There are many different types of contracts that we may enter into, some knowingly and even some unconsciously. Buying a car with financing is a type of loan, entering into a new work place, and even getting a haircut is a type of contract.…

    • 552 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    The documentary film, An Inconvenient Truth, is presented by former United States Vice President Al Gore and its main purpose is to provide awareness to the human race about global warming and its negative effects on the world. The film earned $49 million at the box office world wide, making it the fourth highest grossing documentary in the United States. The film focuses on Al Gore and his travels in support of his efforts to educate the public about the severity of the climate changes. The documentary combines Al Gore's discovery of data, predictions regarding climate change, and…

    • 5268 Words
    • 22 Pages
    Powerful Essays
  • Good Essays

    It is evident to say that a quasi-contract may exist in this case because Castillo has provided services and benefits with the expectation to be compensated for and anything short of that constitutes as unjust enrichment at the expense of the executed party. Accordingly, Miller describes a quasi-contract as a theory in law in which the court binds two parties into an agreement even though one does not exist. More importantly is set up to prevent one party from becoming enriched by taking advantage of the other party. (Miller. Breach and Remedies. Ch.15)…

    • 977 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Juridical necessity – something that is sanctioned and enforceable by law; one which is legally binding.…

    • 2410 Words
    • 10 Pages
    Better Essays
  • Powerful Essays

    This assignment will strive to outline points of law including identifying key vitiating factors, including duress and undue influence and illegality as well as forms of discharge of a contract and remedies for that. It will also apply these laws to the cases provided to illustrate the application of these laws. Vitiating factors represent some sort of defect in the formation of the contract. Examples of this are that the contract is based on a mistake or a misrepresentation. Illegality on the other hand, is much more to do with the actual character of the agreement itself. It is of a type that the law frowns upon for some reason, for public policy or for other reasons it is not accepted as legitimate.…

    • 3585 Words
    • 15 Pages
    Powerful Essays
  • Good Essays

    Mba Question & Answer

    • 4291 Words
    • 18 Pages

    Ans : i) Incorrect : - Its not an offer only an indication of a willingness to consider any offers and counter offers. ii) Correct : A quasi contract is a fictional contract created by courts for equilable, not contractual purposes. A quasi – contract is not an actual contract, but is a legal substitute for a conterformed to impose equity between two parties the concept of a quasi – contract that show have been formed, even through in actually it was net. It is used when a court finds it appropriate to crecite an obligation upon a non – contracting party to avoid injusand to ensure fciwiness. It is invoved in circumstances of unjust enrichment an is connected with the concept of restitutes. iii). Incorrect : All contracts are agreement to all agreement not contracts. A…

    • 4291 Words
    • 18 Pages
    Good Essays
  • Satisfactory Essays

    Obligation and Contracts

    • 674 Words
    • 3 Pages

    |IV. |Course Description |: |This course deals with the basic principles of law in relation to contracts and obligations. It involves discussion of the nature, sources, kinds and extinguishments of contracts and |…

    • 674 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Doctrine of Privity

    • 1189 Words
    • 4 Pages

    Parties should only be obliged to fulfill terms stated in the contract and not to anyone else.…

    • 1189 Words
    • 4 Pages
    Good Essays

Related Topics