Oblicon

• Chapters of the Civil Code of the Philippines (R.A. 386)

  • Preliminary Title - General Principles (Article 1-36)
  • Book 1 - Pertaining to Persons (Article 57-413)
  • Book 2 - Property Ownership and Its Modifications (Article 414-711)
  • Book 3 - Different Modes of Acquiring Ownership (Article 712-1155)
  • Book 4 - Obligation and Contract (Article 1156-2270)
• It is crucial for business to have connection/relationship with the customers
• Juridical obligation


  Something you do or not to do by the force of law
• Tacit agreement


  Agreeing to something without saying so
• Liability


  Occurs when you do not fulfill your obligation
• Sources of obligations


  • Law
  • Contracts
  • Quasi-contracts
  • Quasi-delicts
  • Acts of crime/omission
• Restitution


  Restore it to the original form
• Types of obligation


  • Contractual obligation
  • Time-based obligation/period contract
  • Penal obligation
  • Solidary obligation
  • Reciprocity
• In the contracts, condition must be organized and clear
• Contracts can be oral and written, they are valid as long as there is an obligation between two parties
• Contracts


  Meeting of the minds
• Don't make contracts you don't truly know and isn't credible
• Contracts define the relationship between two parties in a business setting
• Force majeure


  Things that are beyond control
• Essential requisites of an obligation

  • Passive subject (Debtor or obligor)
  • Active subject (Creditor or Obligee)
  • Object or prestation
  • Juridical or legal tie