Law On Obligations And Contracts boaPresentation Transcript

Demandable and enforceable and to determine whether

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demandable and enforceable, and to determine whether or not there has been a grave  abuse of discretion amounting to lack or excess of jurisdiction on the part of any branch  or instrumentality of the Government. (Const. Art. VIII, Sec. 1, par.2) 60. Different Courts of Justice 1. Supreme Court 2. Sandigan-bayan 3. Court of Appeals 4. Regional Trial Court; and 5. Metropolitan / Municipal Trial Courts 61.     Lesson 1: General Provisions on Obligation The definition of obligations establishes the unilateral act of the debtor either to give, to do or not to do as a patrimonial  obligation. It means that the debtor has the obligation while the creditor has its rights. On the sources of obligation, the main sources are really Law and Contracts. The other  sources are also established by law.
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62. ART. 1156. An obligation is a juridical necessity to give, to do or not to do.  OBLIGATIONS as defined by ARIAS RAMOS is a juridical relation whereby a person  (called the creditor) may demand from another (called the debtor) the observance of a  determinate conduct, and, in case of breach, may obtain satisfaction from the assets of  the latter. (Approved by Mr. Justice J. B. L. Reyes) 63. The obligations referred to in our manual is a patrimonial obligations that is, those  obligations with pecuniary value or assessable in terms of money.   Characteristics of  patrimonial obligations: They represent an exclusively private interest. They create ties  that are by nature transitory. They exist a power to make effective in case of non- fulfillment, the economic equivalent obtained at the patrimony of a debtor. Meaning of  Juridical Necessity – it means the rights and duties arising from obligation are legally  demandable and the courts of justice may be called upon through proper action to order  the performance. 64. Action means an ordinary suit in court of justice by which one party prosecutes  another for the enforceable or protection for a right or a prevention or redress of a wrong ( Sec. 1. Rules of court ). Example – Gaya bought refrigerator from Tito but Gaya did not  pay the refrigerator. If after demand, Gaya still did not pay, Tito can sue Gaya in Court  either to demand payment or for recovery of the refrigerator. 65. Essential requisites of an obligation – An active subject, who has the power to  demand the prestation, known as the creditor or oblige; A passive subject, who is bound  to perform the prestation, known as debtor or obligor. An object or the prestation which  may consist in the act of giving, doing or not doing something. The vinculum juris or the 
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  • Summer '14
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