About this document
Understanding Business Obligations and Law by Jayvee M Felipe is a document available to read on EtoBox.
This document outlines the regulatory framework for business transactions and obligations under Philippine law. It defines an obligation as a juridical necessity to give, do, or not do something. The essential elements of an obligation are an active subject or creditor, a passive subject or debtor, an object or prestation to be performed, and an efficient cause or juridical tie between the parties. Obligations can arise from law, contracts, quasi-contracts like negotiorum gestio or solutio indebiti, or quas
- Author
- Jayvee M Felipe
- Language
- EN