18 Questions
If an obligation does not fix a period, but it can be inferred from its nature and circumstances that a period was intended, what can the court do?
Set the period
In what situation can a court fix a period when an obligation depends on the will of the debtor?
When the creditor requests it
What must a creditor do if an obligation fails to fix a period or depends on the will of the debtor?
Seek legal assistance from the court
When does a period fixed by the court become enforceable?
After expiration of the fixed period
What happens if an obligation is terminated with a resolutory period?
The obligation ends automatically on a specified event
In an alternative obligation, what does it mean when two or more things are equally referred to?
The debtor chooses which thing to fulfill the obligation with
Who benefits from a period designated in an obligation according to the text?
Both the creditor and debtor
If a period is given to the debtor alone, what can the debtor do?
Oppose any premature demand by the creditor
Is it possible for a creditor to demand performance before the expiration of a designated period?
Depends on the terms of the obligation
What happens if a period is fixed by the court for an obligation?
Both parties must wait until the court's designated period expires
In obligations with a resolutory period, when can the debtor perform the obligation?
Only after the resolutory period expires
When is a period in an obligation presumed to benefit only one party?
When circumstances clearly indicate so
Under what circumstances will a debtor lose the right to make use of the period according to the text?
All of the above
When does an obligation with a resolutory period take effect?
Immediately upon the arrival of the day certain
What action by the debtor can lead to the termination of obligations with a resolutory period?
Violating any undertaking agreed upon with the creditor for the period
In what situation will a debtor retain the right to make use of the period?
Becoming insolvent and immediately providing new guaranties or securities
When does an obligation with a resolutory period terminate?
Upon reaching a day certain
What is the primary difference between obligations with a resolutory and a definite period?
Resolutory period obligations take effect immediately, while definite period obligations have a fixed start date.
Test your knowledge on obligations with definite or indefinite periods, including when the court may fix a period for fulfilling obligations. Explore scenarios where the period of obligation can be inferred from its nature and circumstances, or when it depends on the debtor's will.
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