LATEST UPDATE| The Law on Obligations and Contracts by Hector de Leon- Actual exam questions and 100% verified solutions | grade A+ 2026.

LATEST UPDATE| The Law on Obligations and Contracts by
Hector de Leon- Actual exam questions and 100% verified
solutions | grade A+ 2026.


Obligation - ANSWER: It is a tie or bond recognized by the state by virtue of which
where one party renders a service (give, do, or not do) to another


Juridicial necessity - ANSWER: In the case of noncompliance, the courts of justice
may be called upon by the aggrieved to enforce fulfillment or give the monetary
value it represents


Requisites of an obligation - ANSWER: 1. Debtor/Obligor; 2. Creditor; obligee; 3
Prestation; 4. Legal tie


Prestation - ANSWER: Conduct required to be observed by the debtor (giving, doing,
or not doing)


Juridicial or legal tie - ANSWER: Binds or connects the two parties to the obligation


Forms of obligations - ANSWER: Written, oral, or partly written and party oral


Right - ANSWER: Power which a person has under the law to demand from another
any prestation


Wrong - ANSWER: An act or omission of one party int he violation of legal rights of
another


Kinds of obligations - ANSWER: Real and personal obligations


Real Obligation - ANSWER: Giving/delivering


Personal Obligation - ANSWER: Positive-doing; negative- not doing