What is meant by a pure obligation?

A pure obligation is a debt which is not subject to any conditions and. no specific date is mentioned for its fulfillment A pure obligation is immediately.

What is pure obligation and example?

What do you mean by pure and conditional obligation?

What is the most distinctive characteristic of pure obligation?

What is meant by conditional obligation?

What are the effects of a conditional obligation to give?

The effects of a conditional obligation to give, once the condition has been fulfilled, shall retroact to the day of the constitution of the obligation.

What is conditional obligation in law?

A conditional obligation is one the fulfillment of which is a subject to a certain condition which may be an event, which may or may not happen. It could be suspensive or resolutory. A suspensive condition is a future or uncertain event, the happening of which give birth to the obligation.

What is solidary obligation in law?

A solidary obligation, or an obligation in solidum, is a type of obligation in the civil law jurisprudence that allows either obligors to be bound together, each liable for the whole performance, or obligees to be bound together, all owed just a single performance and each entitled to the entirety of it.

What is the difference between joint and solidary obligation?

A joint obligation is distinguished from a solidary obligation in that the creditor in a joint obligation can take action only against all the debtors together.

Which of the following conditional obligation is void?

SUSPENSIVE CONDITION. Conditional obligation void. The condition depends solely upon the will of the debtor. There is no burden on the debtor and no juridical tie is created.

What is period in law?

Period means the entire term of the agreement.

What is civil loss in business law?

Civil damages are granted when a person is injured or suffers a loss that stems from the wrongful or negligent actions of another party. The intent of awarding civil damages is to grant plaintiffs resources that restore them to their conditions before their injuries.

What is a Resolutive condition in a contract?

A resolutive condition is an arrangement between the parties that the agreement of sale will terminate on the happening of a certain future event. Unlike with a suspensive condition, the agreement is immediately binding with all the rights and obligations contained therein from the day of conclusion thereof.

What are the kinds of penal clause?

What are the different kinds of penal clauses? There are penal clauses imposed by law and there are those which are agree upon by the parties to an agreement. The former are called “legal penal clauses” and the latter are called “conventional penal clauses.” Penal clauses are also said to be subsidiary or joint.

What is joint penal clause?

Joint penal clause or can also be called as cumulative penal clause is when both the. principal obligation and the penal clause can be enforced.

What are the characteristics of a contract?

The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality.

What is the most distinctive characteristic of pure obligations?

The most distinctive characteristic of a pure obligation is its immediate demandability.

What is the difference between pure and conditional obligation?

Pure obligation is one free from any condition and there is no period of fulfillment, thus it is immediately demandable. Conditional obligation is one where its fulfillment is upon the condition stipulated. Condition is a future and uncertain event which can draw the effectivity or extinguishment of an obligation.

What is a day certain?

A specified date. A term used in the rules of civil andcriminal procedureto designate a particular time by which all motions for a new trial must be submitted to the court.

What is pure obligation?

A pure obligation is one where the performance does not depend upon a condition and no specific term or period is mentioned. Therefore, it is demandable at once.

What is a contract of partnership?

A partnership agreement is a legal document that dictates how a small for-profit business will operate under two or more people. The agreement lays out the responsibilities of each partner in the business, how much of the business each partner owns, and how much profit and loss each partner is responsible for.