Oblicon Group 1 Summary (Short & Outlined) PDF

Thank You OBLICON GROUP 1.pptx Summary (Short & Outlined) 1. Pure Obligations: - Immediately demandable, no conditions or specific dates. - Examples: "I promise to give you P5,000." 2. Conditional Obligations: - Outcomes depend on fulfilling a future, uncertain event (condition). - Types: -...

Thank You OBLICON GROUP 1.pptx Summary (Short & Outlined) 1. Pure Obligations: - Immediately demandable, no conditions or specific dates. - Examples: "I promise to give you P5,000." 2. Conditional Obligations: - Outcomes depend on fulfilling a future, uncertain event (condition). - Types: - Suspensive: Condition must be met before obligation arises. - Resolutory: Condition fulfilled extinguishes existing obligation. 3. Period: - Future, certain event determines when obligation arises or ends. - Example: "I will pay you this January 3, 2025." 4. Potestative Conditions: - Depend on will of debtor or creditor. - If solely on debtor's will, obligation is void. 5. Impossible Conditions: - Physically or legally impossible to fulfill. - May render the obligation void or only the condition void. 6. Fulfillment of Conditions: - Constructive fulfillment: Debtor prevents fulfillment. - Retroactive effects: Obligation considered from its creation, not fulfillment date. 7. Rights Pending Fulfillment (Suspensive): - Creditor: Can preserve their rights. - Debtor: Can recover mistaken payments. 8. Loss, Deterioration, Improvement of Thing: - Loss without debtor's fault: Obligation extinguished. - Loss due to debtor's fault: Debtor liable for damages. - Deterioration without fault: Creditor bears impairment. - Deterioration due to fault: Creditor chooses rescission or fulfillment with damages. - Improvement: Benefits creditor unless at debtor's expense. 9. Resolutory Conditions: - Extinguishes obligation upon fulfillment. - Parties return what they received. 10. Reciprocal Obligations: - Power to rescind if one party fails to comply. - Injured party chooses fulfillment or rescission with damages. 11. Kinds of Obligations (Person Obliged): - Unilateral: One party obliged. - Bilateral: Both parties obliged. - Reciprocal: Performance of one depends on the other. - Non-reciprocal: Performance is independent. 12. Remedies (Reciprocal Obligations): - Specific performance: Fulfillment with damages. - Rescission: Cancellation with damages. 13. Limitations on Rescission: - Court involvement. - Court-fixed period. - Third-party rights. - Substantial violation. - Waiver of right. 14. Breach by Both Parties: - First infractor known: Liability tempered. - First infractor unknown: Contract extinguished, each bears own damages.