BUSINESS MANAGEMENT 161: OBLIGATIONS (CIVIL CODE) 1. Definition: Art. 1156 2. Sources of Obligations: Art. 1157 3.

NATURE OF OBLIGATIONS (PRESTATIONS) I. OBLIGATIONS TO GIVE A. Specific Obligation (Arts 1163-1166, 1170, 1244, 1460) B. Generic Obligation (Arts 1246 and 1165) II. OBLIGATION TO DO (Arts 1167 and 1244) III. OBLIGATION NOT TO DO 4. DIFFERENT KINDS OF OBLIGATIONS: PURE obligation (Art 1179) RESOLUTORY Obligation (Arts 1179, 1193) SUSPENSIVE (Arts 1181, 1188, 1189) CASUAL Obligation (Art 1182) POTESTATIVE Obligation (Art 1182) OBLIGATIONS WITH A PERIOD (Arts 1193 to 1198) ALTERNATIVE OBLIGATION (Arts 1199 - 1205) FACULTATIVE OBLIGATION (Art 1206) IMPOSSIBLE Obligation (Art 1183) RECIPROCAL Obligation (Art 1191) OBLIGATIONS WITH PENAL CLAUSE (Arts 1226 1230)

COPYRIGHT BY DR. ATTY. NOEL G. RAMISCAL 2009

JOINT OBLIGATIONS VS. JOINT AND SEVERAL OBLIGATIONS (Arts 1207 1222) EFFECTS OF OBLIGATIONS: A.Voluntary causes of non-performance of obligations (Art 1170) Liability for damages i. ii. iii. iv. Delay (Arts 1165, 1169-70) Fraud (Art 1170) Negligence (Arts 1171-73 and 2201 par 2) Contravention of the Tenor of the obligation (Art 1170)

B.Involuntary Causes (Art 1174) EXTINGUISHMENT OF OBLIGATIONS A.Breach of obligation (Art 1192) B.Payment/Performance (Arts 1232, 1233, 1249, 1251) C.Loss of Thing Due (Arts 1189.2, 1262, 1263) D.Condonation/Remission (Arts 1270-73) E.Confusion/Merger (Arts 1275-77) F.Compensation (Arts 1278-79, 1286) G.Novation (Arts 1292-93, 1236-37)

COPYRIGHT BY DR. ATTY. NOEL G. RAMISCAL 2009