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What are the different kinds of obligations?

What are the different kinds of obligations?

Different Kinds of Obligation (Primary) (Section 1: Pure and…

  • Section 1: Pure and Conditional Obligation.
  • Section 6: Obligation with a Penal Clause.
  • Section 2: Obligations with a Period.
  • Section 3: Alternative Obligation.
  • Section 4: Joint and Solidary Obligations.
  • Section 5: Divisible and Indivisible Obligation.

What are the 10 kinds of obligation?

10 Kinds of Obligation

  • Pure.
  • Conditional.
  • Alternative.
  • Facultative.
  • Joint.
  • Solidary.
  • Divisible.
  • Indivisible.

What are the kinds of obligation according to the person obliged?

Civil obligation – has legal basis; give a right of action to compel its performance. Legal obligation – arises from laws. Conventional obligation – arises from contracts with the force of the law.

What are the elements and types of A Pure obligations?

The elements of an obligation are: the parties, an object, the relationship by virtue of which one party is bound to perform for the other’s benefit, and, in the case of conventional obligations, a cause.

What are the different types of contractual obligations?

Different Kinds Of Obligations. Section 1. Pure And Conditional Obligations Art. 1113. Every obligation, the fulfillment of which should not depend upon a future or uncertain event or upon a past event, unknown to the parties in interest, shall be immediately demandable.

What are the different types of debt obligations?

1 A commitment to pay “little by little” 2 “As soon as possible” 3 “As soon as I have money” 4 When the creditor agreed “to wait until such time the debtor could pay the full indebtedness.” 5 Obligation to be paid “in partial payments”

Which is the best description of an obligation?

Condition – future and uncertain event upon which the existence or extinguishments of an obligation is made to depend. Pure Obligation – one which does not contain any condition or term upon which its fulfillment is made to depend.

Which is an example of a divisible obligation?

Divisible Obligation – is one of the object of which, in its delivery or performance, is capable of partial fulfillment. Indivisible Obligation- is one of the object of which in its delivery or performance is not capable of partial fulfillment. 3.Ideal Division – non-material divisibility; only mental & intellectual (e.g. Corporation).