Obligations and Substitution
18 Questions
1 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What happens to the obligation if the Toyota Revo is lost through a fortuitous event before substitution?

  • The debtor shall pay damages
  • The obligation remains in effect
  • The creditor can still demand for payment
  • The obligation is extinguished (correct)
  • What type of obligation is it where the debtor is liable for the entire obligation, and each creditor is entitled to demand the whole obligation?

  • Joint obligation
  • Solidary obligation (correct)
  • Conjoint obligation
  • Indivisible obligation
  • If the Toyota Revo is lost through Denzel's fault after substitution, what is the debtor's liability?

  • The obligation is extinguished
  • The debtor shall pay damages (correct)
  • The creditor can rescind the contract
  • The debtor is not liable
  • What is an obligation wherein various things are due but the complete performance of all of them is necessary to extinguish the obligation?

    <p>Indivisible obligation</p> Signup and view all the answers

    What type of obligation is it where each of the debtors is liable only for a proportionate part of the debt and each creditor is entitled only for a proportionate part of the credit?

    <p>Joint obligation</p> Signup and view all the answers

    What happens to the obligation if the Toyota Revo is lost through a fortuitous event after substitution?

    <p>The obligation is extinguished</p> Signup and view all the answers

    What type of novation occurs when the object of the obligation is changed?

    <p>Real novation</p> Signup and view all the answers

    What type of novation occurs when both the object and principal condition of the obligation are changed?

    <p>Mixed novation</p> Signup and view all the answers

    What is the effect of extending the period for payment from 4 years to 6 years?

    <p>There is novation</p> Signup and view all the answers

    What occurs when a third person assumes the payment of the obligation without the knowledge and consent of the debtor but with the consent of the creditor?

    <p>Expromission</p> Signup and view all the answers

    What type of novation occurs when the person of the debtor is changed?

    <p>Personal novation</p> Signup and view all the answers

    What is an example of a modification of an obligation?

    <p>A agreeing to give B a car if B merely passes the CPA Board</p> Signup and view all the answers

    What type of obligation is it when only one prestation has been agreed upon, but the obligor may render another in substitution?

    <p>Facultative obligation</p> Signup and view all the answers

    What happens if the principal thing is lost due to a fortuitous event before substitution in a facultative obligation?

    <p>The obligation is extinguished</p> Signup and view all the answers

    What is the consequence of the loss or deterioration of the thing intended as a substitute, through the negligence of the obligor?

    <p>The obligor is liable for the loss</p> Signup and view all the answers

    What is the effect on the debtor's liability if the principal thing is lost after substitution?

    <p>The debtor is still liable for the substitute</p> Signup and view all the answers

    In a facultative obligation, who bears the risk of loss of the substitute thing?

    <p>The debtor</p> Signup and view all the answers

    What type of obligation is it when Denzel is obliged to give a Toyota Revo SR car, but he may give a Mitsubishi Adventure car as a substitute?

    <p>Facultative obligation</p> Signup and view all the answers

    Study Notes

    Fortuitous Event Before Substitution

    • The obligation is extinguished if the Toyota Revo is lost through a fortuitous event before substitution. This is because the debtor is not yet obligated to deliver the substitute car.

    Solidary Obligation

    • A solidary obligation is where the debtor is liable for the entire obligation, and each creditor is entitled to demand the whole obligation. In this type of obligation, the debtors are jointly and severally liable for the debt, meaning that the creditor can demand the whole amount from any of them.

    Debtor's Liability After Substitution

    • If the Toyota Revo is lost through Denzel's fault after substitution, the debtor is liable for damages. This is because the debtor is responsible for the loss of the substitute car due to his negligence.

    Complex Obligation

    • In a complex obligation, various things are due but the complete performance of all of them is necessary to extinguish the obligation. This means that the debtor must fulfill all the prestations to be free from the obligation. Examples include a contract for the sale of an automobile where the seller is obligated to deliver the car, provide the title, and register the car.

    Joint Obligation

    • A joint obligation occurs when each of the debtors is liable only for a proportionate part of the debt and each creditor is entitled only for a proportionate part of the credit. If there are two debtors and two creditors, each debtor is liable for 1/2 of the debt, and each creditor is entitled to 1/2 of the credit.

    Fortuitous Event After Substitution

    • If the Toyota Revo is lost through a fortuitous event after substitution, the obligation is extinguished. This is because the debtor has already fulfilled the obligation by delivering the substitute car, and the loss of the car after delivery is not the debtor's responsibility.

    Real Novation

    • Real novation happens when the object of the obligation is changed. For instance, if the original obligation was to deliver a Toyota Revo, and the new obligation is to deliver a Mitsubishi Adventure, this is a real novation.

    Mixed Novation

    • Mixed novation occurs when both the object and principal condition of the obligation are changed. For example, if the original obligation was to pay Php 100,000 in 4 years, and the new obligation is to deliver a Toyota Revo in 3 years, this is a mixed novation.

    Effect of Extending the Period for Payment

    • Extending the period for payment from 4 years to 6 years results in a modification of the obligation. The original obligation's term is changed, but its essential parts (object, cause, and parties) remain the same.

    Third Person Assuming Payment

    • When a third person assumes the payment of the obligation without the knowledge and consent of the debtor but with the consent of the creditor, this is called expromision. The original debtor is released from the obligation, and the third person becomes the new debtor.

    Personal Novation

    • Personal novation occurs when the person of the debtor is changed. For example, if Denzel is the original debtor, and he transfers the obligation to his friend, this is a personal novation.

    Modification of Obligation

    • An example of a modification of an obligation is an extension of the term of payment - changing the original term from 4 years to 6 years. The original obligation's essential parts remain unchanged, but a key aspect related to its performance (the duration) is modified.

    Facultative Obligation

    • A facultative obligation is when only one prestation has been agreed upon, but the obligor may render another in substitution.

    Loss of Principal Thing in Facultative Obligation

    • If the principal thing (the Toyota Revo) is lost due to a fortuitous event before substitution in a facultative obligation, the obligation is extinguished.

    Consequences of Loss of Substitute Thing

    • The loss or deterioration of the thing intended as a substitute (the Mitsubishi Adventure), through the negligence of the obligor, does not extinguish the main obligation. The debtor remains bound to deliver the principal thing.

    Debtor's Liability After Substitution in a Facultative Obligation

    • If the principal thing (the Toyota Revo) is lost after substitution, the debtor is not liable because the obligation is already fulfilled. The loss of the substituted thing is not the debtor's responsibility

    Risk of Loss in a Facultative Obligation

    • The risk of loss of the substitute thing in a facultative obligation lies with the debtor. The debtor is responsible for any loss or damage to the substitute thing, but not for the loss of the principal thing.

    Specific Example of Facultative Obligation

    • Denzel is obliged to give a Toyota Revo SR car, but he may give a Mitsubishi Adventure car as a substitute. This is a facultative obligation. Denzel has the option of providing either car to fulfill the obligation.

    Studying That Suits You

    Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

    Quiz Team

    Description

    Test your understanding of obligations and substitution in contracts, including the effects of fortuitous events and fault on obligations. Learn about the rules that apply when a substituted item is lost or damaged.

    More Like This

    Contract Law: Requisites and Obligations
    10 questions
    Contract Law Obligations
    29 questions
    Classification of Obligations in Contract Law
    40 questions
    Use Quizgecko on...
    Browser
    Browser