Business Law

Chapter 3 DIFFERENT KINDS OF OBLIGATIONS Classiﬁcations of obligations. (1) Primary classiﬁcation of obligations under the Civil Code: (a) Pure and conditional obligations (Arts. 1179-1192.); (b) Obligations with a period (Arts. 1193-1198.); (c) Alternative (Arts. 1199-1205.) and facultative obligations (Art. 1206.); (d) Joint and solidary obl

LAW | 101 | Business Law | lecture_notes |Chapter 3 DIFFERENT KINDS OF OBLIGATIONS Classiﬁcations of obligations. (1) Primary classiﬁcation of obligations under the Civil Code: (a) Pure and conditional obligations (Arts. 1179-1192.); (b) Obligations with a period (Arts. 1193-1198.); (c) Alternative (Arts. 1199-1205.) and facultative obligations (Art. 1206.); (d) Joint and solidary obl

33 (3) Civil fruits are those derived by virtue of a juridical relation, e.g., rents of buildings, price of leases of lands and other property and the amount of perpetual or life annuities or other similar income. (Art. 442.) Right of creditor to the fruits. This article is a logical application of the basic principle stated in Article 712, paragraph two of th

LAW | 101 | Business Law | lecture_notes |33 (3) Civil fruits are those derived by virtue of a juridical relation, e.g., rents of buildings, price of leases of lands and other property and the amount of perpetual or life annuities or other similar income. (Art. 442.) Right of creditor to the fruits. This article is a logical application of the basic principle stated in Article 712, paragraph two of th

3 (4) A juridical or legal tie (also called efﬁcient cause) or that which binds or connects the parties to the obligation. The tie in an obligation can easily be determined by knowing the source of the obligation. (Art. 1157.) EXAMPLE: Under a building contract, X bound himself to construct a house for Y for P1,000,000.00. Here, X is the passive subject, Y is th

LAW | 101 | Business Law | lecture_notes |3 (4) A juridical or legal tie (also called efﬁcient cause) or that which binds or connects the parties to the obligation. The tie in an obligation can easily be determined by knowing the source of the obligation. (Art. 1157.) EXAMPLE: Under a building contract, X bound himself to construct a house for Y for P1,000,000.00. Here, X is the passive subject, Y is th

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