Conjunctive & Alternative, Divisible & Indivisible Obligations Flashcards
What is a conjunctive obligation?
When it binds obligor to multiple items of performance that may be separately rendered or enforced. Each item is regarded as a separate obligation
What is example of a conjunctive obligation?
payments of rent, payment in installations
When doe prescriptive periods start in conjunctive obligations?
They run separately for each obligation.
What is the prescriptive period for loans?
3 years
What is an acceleration clause?
Can evict or demand payment in full for all conjunctive obligations.
What is an alternative obligation?
when an Or is bound to render only one of two or more items of performance.
What is the legal nature of choice?
A juridical act
Who chooses?
Default is to obligee
How long to choose?
Certain or uncertain term
What happens after choice is made?
Becomes pure and simple obligation for that item
When the pending choice belongs to OR and an item is destroyed by fortuitous event or becomes unlawful…
Or still owes a remaining item
When choice belongs to Or, If one item is destroyed by Or…
Still owes a remaining item
If Oee destroys an item, when choice belongs to OR
Or may choose a remaining item or terminate the obligation
When choice belongs to Or and all items are destroyed… and Or is at fault for at least one…
Or is liable for damages for the item that perished last in chronological order
if ALL items become destroyed by fortuitous event.
Obligation is extinguished
If both parties are at fault?
Obligation likely extinguished
When choice belongs to Oee and an item is destroyed by fortuitous event or becomes unlawful
Oee must choose a remaining item
When choice belongs to Oee, and Oee destroys an item
Oee must choose either one of the items or damages for any item of choice that perished because of his fault
If ALL items are destroyed by Or, and choice is Oee..
Then Oee is owed damages of item of his choice
What is a facultative obligation?
When the obligor binds herself to a particular and determined performance, but reserves the faculty (privilege)
What is an example of a facultative obligation?
Seller sells house for 30k when worth 100k, sale effective lesion. Buyer can either (1) give house back (2) supplement the payment to get to 50%
What is a divisible obligation? and an example of one?
An obligation that is susceptible of division. Obligation to give (transfer a right), monetary obligations
What happens if its a joint divisible obligation?
Each Or is bound to perform and each Oee is entitled to only their portion
What are the effects of divisible obligations among successors?
Each successor only liable for their share of a divisible Obligation.