Article 1158 - 1159

Question 1

Obligations derived from law are not presumed. Only those expressly determined in the Code or in special laws are demandable, and shall be regulated by the precepts of the law which establishes them; and as to what has not been foreseen, by the provisions of this book.

Answer 1

Article 1158

Question 2

Refers to the legal obligations or obligations arising from law. They are not presumed because they are considered a burden upon the obligor. They are the same exception, not the rule, To be demandable, they must be clearly set forth in the law.

Answer 2

Article 1168

Question 3

Obligations arising from contracts have the force of law between the contracting parties and should be complied with in good faith

Answer 3

Article 1159

Question 4

Meaning of Contract

Answer 4

Is a meeting of minds between 2 or more persons whereby one binds himself, with respect to the other, to give something or to render some service (Art. 1305)

Question 4

What type of obligations does Article 1159 talk about?

Answer 4

Contractual Obligations

Question 5

Contracts have the same binding effect of Obligations imposed by laws. True or False?

Answer 5

True

Question 6

A contract is valid if it is not contrary to law, morals, good customs, public order, and public policy.

Answer 6

Requirements of a valid contract

Question 7

A _________ only takes place when a party fails or refuses to comply, without legal reason or justification.

Answer 7

breach of contract

Question 8

Compliance in good faith

Answer 8

means compliance or performance in accordance with the stipulations or terms of the contract or agreement. Sincerity and honesty must be observed to prevent on party from taking unfair advantage over the other.