Liberative Prescription and Obligations

Question 1

What is tacit renounciation?

Question 2

What is a PERSONAL ACTION?

Question 3

Contra Non Valentum

Question 4

What is PEREMPTION?

Question 5

What is PRESCRIPTION?

Question 6

What is LIBERATIVE PRESCRIPTION?

Question 7

How can prescription be INTERRUPTED?

Answer 7

1) By filing a lawsuit; OR

2) acknowledgment of the debt (words, actions, writing of a debtor acknowledging he is aware of the debt). Acknowledgment is LIBERALLY CONSTRUED by the court.

Question 8

What is a NATURAL obligation?

Question 9

What does it mean for a contract to be ONEROUS?

Question 10

What does it mean for a contract to be GRATUITOUS?

Question 11

What are the EFFECTS of a NATURAL obligation?

Answer 11

1) the natural obligation is NOT ENFORCEABLE by judicial action;

2) the obligor CANNOT RECLAIM a performance freely rendered; and

3) a contract for the performance of a natural obligation is ONEROUS.

Question 12

What is a SUSPENSIVE CONDITION?

Question 13

What is a RESOLUTORY CONDITION?

Question 14

Conditional Obligations: FAULT OF THE PARTY