Obligations and Contract

OBLIGATIONS

AND

CONTRACTS

Expanded Course Outline

Professor E. A. Labitag

Karichi Santos | UP Law B2012

OBLIGATIONS & CONTRACTS | Prof. Labitag [2nd Semester, A.Y. 2008-2009]

Page 2 of 110

Table of Contents

Title I. OBLIGATIONS...................................................................................................................................................... 3

Chapter I. General Provision.........................................................................................................................................

Concept of Obligation ..............................................................................................................................................

Sources of Obligations .............................................................................................................................................

Classifications of Obligations.....................................................................................................................................

3

3

4

9

Chapter II. Nature and Effects of Obligations ................................................................................................................. 10

Kinds of Prestation ................................................................................................................................................. 10

Breach of Obligation............................................................................................................................................... 13

Remedies of Creditor In Case of Breach .................................................................................................................... 17

Subsidiary Remedies of Creditor............................................................................................................................... 19

Extinguishment of Liability In Case of Breach Due To Fortuitous Event...