Obligations

Question 1

is one which is not subject to any condition and no specific date is mentioned for its fulfillment and is, therefore, immediately demandable.

Answer 1

Pure obligation

Question 2

is one which consequences are subject in one way or another to the fulfillment of a condition.

Answer 2

Conditional obligation

Question 3

is one which consequences are subject in one way or another to the expiration of the said period or term.

Answer 3

Obligation with a period

Question 4

Modes of extinguishing obligation

Answer 4

1. Payment or performance
2. Upon the loss of the thing due
3. Condonation or remission
4. Compensation
5. Novation

Question 5

Modes of distinguishing obligation:

In a fine dining restaurant, the obligation of the customer to the management who served them sumptuous food shall be extinguished upon payment by the customer of the exact amount of the food consumed; upon the performance of the obligation for which an entertainer was commissioned.

Answer 5

Payment or performance

Question 6

Modes of extinguishing obligation

Loss in Art. 1189 means “when the thing perishes, or goes out of commerce, or disappears in such a way that its existence is unknown or cannot be recovered.”

Answer 6

Upon the loss of the thing due to

Question 7

Modes of extinguishing obligation:

pertains to the act of liberality on the part of the creditor wherein he/she forgives or remits a debt.

Answer 7

Condonation or remission

Question 8

Modes of extinguishing obligation:

a means of extinguishing an obligation is the offsetting of the respective obligations of 2 persons who stand as principal creditors and debtors of each other resulting to the extinguishment of their obligation to their concurrent amount.

Answer 8

Compensation

Question 9

Mode of extinguishing obligation:

pertains to the change or modification of an obligation by another, resulting to the extinguishment of an obligation.

Answer 9

Novation