Law and Obligations on Contracts practice exam questions and
100% verified solutions.
Latin word of obligation - ANSWER: obligation
obligation means - ANSWER: binding
obligation - ANSWER: bond recognize by law by virtue of which one is bound in
favour of another to render something.
Juridical Necessity - ANSWER: In case of noncompliance, the courts of justice may
be called upon by the aggrieved party to enforce it's fulfillment or, in default
thereof, the economic value that it represents
Civil Obligations - ANSWER: Gives right of action to compel their performance
Natural Obligation - ANSWER: do not grant right of action to enforce their
performance
Passive subject - ANSWER: debtor or obligor
Passive Subject (debtor or obligor) - ANSWER: person who is bound to the
fulfillment of the obligation; he who has a duty
Active subject - ANSWER: creditor or obligee
Active Subject (creditor or obligee) - ANSWER: The person who is entitled to
demand the fulfillment of the obligation; he who has a right
Object or prestation - ANSWER: Subject matter of the obligation
100% verified solutions.
Latin word of obligation - ANSWER: obligation
obligation means - ANSWER: binding
obligation - ANSWER: bond recognize by law by virtue of which one is bound in
favour of another to render something.
Juridical Necessity - ANSWER: In case of noncompliance, the courts of justice may
be called upon by the aggrieved party to enforce it's fulfillment or, in default
thereof, the economic value that it represents
Civil Obligations - ANSWER: Gives right of action to compel their performance
Natural Obligation - ANSWER: do not grant right of action to enforce their
performance
Passive subject - ANSWER: debtor or obligor
Passive Subject (debtor or obligor) - ANSWER: person who is bound to the
fulfillment of the obligation; he who has a duty
Active subject - ANSWER: creditor or obligee
Active Subject (creditor or obligee) - ANSWER: The person who is entitled to
demand the fulfillment of the obligation; he who has a right
Object or prestation - ANSWER: Subject matter of the obligation
