"Obligation" Essays and Research Papers

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March 29, 2011 An Obligation Is Not A Choice What defines an obligation? Is it defined as something that one has to do because it is necessary for their living or is it something that one has to do because someone says they have to? I would define an obligation as something that one has to do because it is necessary for their living. What I do not understand is how one person can dodge their obligations. I see people choose to live a life where their obligations are pushed aside as if...

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CLASSIFICATION OF OBLIGATIONS 1. PURE OBLIGATION – one without a term or is it a subject to a condition and is immediately demandable. 2. CONDITIONAL OBLIGATION – one which is subject to a condition. (a). SUSPENSIVE CONDITION - one which suspends the effectivity of the obligation until the condition is fulfilled. The fulfillment of the condition produces the efficacy of the obligation. (b). RESOLUTORY – one which extinguishes the obligation upon the happening of the condition. The obligation is immediately...

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Obligations and Contracts C. Nature and Effect of Obligations 1. Article 1163 – Every person obliged to give something is also obliged to take care of it with proper diligence of a good father of a family, unless the law or the stipulation of the parties requires another standard of care. 2. Specific/Determinate thing vs. Generic Thing A thing is said to be specific or determinate when it is capable of particular designation. Examples : a. this car b. the car owned by A on Sept 12,...

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Ethic Obligations

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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Moral Obligations

(Singer, 1972). Singer defends his second principle with our “moral obligation” a drowning child is used as an example. “Should one feel less obligated to pull a drowning child out of a pond, if on looking around you see other people, no further away than you, who are doing nothing?” (Singer, 1972, p. 233). This is a good example of, why should I do something, if they aren’t doing anything? This is what Singer means by moral obligation. Singer’s argument for this is that everyone should donate a small...

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Recognition of Asset Retirement Obligations

To: Controller of LOI, Files From: Accounting Class Re: Recognition of Asset Retirement Obligations for Lack of Information Date: June 2, 2014 Background Lack of Information (LOI) owns and operates 50 warehouses throughout the country. As part of LOI’s efforts to identify potential asset retirement obligations, LOI’s internal audit group held interviews with all 50 of the warehouse managers and also performed site visits at each of the 50 locations. The related findings of the interviews...

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Sample Q&as – Obligations and Contracts

Sample Q&As – Obligations and Contracts Atty. Jennifer D.L. Sanchez What are the essential requisites of an obligation? ANS: An obligation has 4 essential requisites. They are: 1) A juridical or legal tie, which binds the parties to the obligation and which may arise either from bilateral or unilateral acts of persons; 2) An active subject known as the creditor or obligee, who can demand the fulfillment of the obligation; 3) A passive subject known as the debtor or...

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Accountability - The importance of obligation with the Army.

represents organization, discipline, and control. Accountability becomes an obligation when you join the Army, it benefits every party involved. The importance of obligation with the Army. Your obligations given to you as a soldier are there to help you perform your duties, much like guidelines to success. Obligations within a workplace are there to benefit those associated within the environment, in this scenario obligation to report our location and actions being taken were there to help our leaders...

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Philippine Civil Code: Obligations - General Provisions

BA 161 Obligations and Contracts Midterm Summary: Title I – OBLIGATIONS Chapter 1: General Provisions Definition Article 1156. An obligation is a juridical necessity to give, to do, or not to do. (n) Sources of obligation Article 1157. Obligations arise from (1) Law; (2) Contracts; (3) Quasi-contracts; (4) Acts or omissions punished by law; and (5) Quasi-delicts. (1089a) Article 1158. Obligations derived from law are not presumed. Only those expressly determined in this...

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Financial Reporting

accounting for liabilities. In the Statement of Principles the ASB defined liabilities as follows: "Liabilities are obligations of an entity to transfer economic benefits as a result of past transactions or events" (paragraph 4.24). There are two types of obligations; one which is a legal obligation where a person/entity has a legal claim on payment; and a constructive obligation where in this situation an entity has by its actions created a valid expectation on the part of other parties that it...

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