Question: What Is A Generic Obligation?

What are the sources of an obligation?

Article 1157.

Obligations arise from: (1) Law; (2) Contracts; (3) Quasi‐contracts; (4) Acts or omissions punished by law; and (5) Quasi‐delicts.

Sources of Obligations Law — when they are imposed by law itself..

What is an alternative obligation?

An obligation is alternative when two things are equally due, under an alternative. The obligor is bound to render only one of two or more items of performance. Where a person engages to do, or to give several things the payment of one will acquit him of all.

What is obligation and examples?

The definition of an obligation is something that someone is required to do. An example of obligation is for a student to turn in his homework on time every day.

What is simple obligation?

SIMPLE OBLIGATION. … An unconditional obligation, one which is to be performed without depending upon any event provided by the parties to it. A Law Dictionary, Adapted to the Constitution and Laws of the United States.

What are the different kinds of obligation?

Different Kinds of Obligation (Primary) (Section 1: Pure and Conditional…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 is meant by quasi contract?

A quasi contract is a retroactive arrangement between two parties who have no previous obligations to one another. … A quasi contract is a court-imposed document designed to prevent one party from unfairly benefiting at another party’s expense, even though no contract exists between them.

What are two obligations?

The two obligations, according to Nelson Mandela that every man have in life are:One obligation is towards his family, parents, wife, and children.The other obligation is his responsibility towards his people, community and his country. He calls these the “twin obligations” which a man possessed in his life.

What are some examples of moral obligation?

A moral obligation is an obligation to perform some sort of service or speak up regarding an important issue, not because you legally have too, but because it has to do with the principles of right and wrong, truth and falsehood.

What is a generic thing?

In contrast, indeterminate or generic thing is the opposite of determinate or specific thing; that is, generic or indeterminate thing is not particularly designated or physically segregated from all others of the same class. It means that a thing cannot be specifically determined from things of the same class.

What is a pure obligation?

A pure obligation is one that is demandable at once because it does not depend upon a future or uncertain event, not on a past event unknown to the parties and is not an obligation with a resolutory condition. A simple promissory note to pay certain amount within a certain period is an example of a pure obligation.

What is obligation mean?

something by which a person is bound or obliged to do certain things, and which arises out of a sense of duty or results from custom, law, etc. something that is done or is to be done for such reasons: to fulfill one’s obligations. a binding promise, contract, sense of duty, etc.

What is a thing in law?

A thing -is a specific category of property, legally defined as: a corporeal object outside the human body, and an independent entity capable of being subjected to legal sovereignty by a legal subject for whom it has use and value.

What is the effect of loss of a generic thing?

Loss of Generic Thing the debtor can deliver a thing of the same class/type as the one lost, which may be of superior quality but not of inferior quality. the creditor can demand a thing of the same class/type as the one lost, which may be of inferior quality but not of superior quality.