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This document provides a summary of key concepts related to obligations and contracts under Philippine law. It addresses topics like the essential elements of an obligation, the difference between civil and natural obligations, the sources of civil obligations, what constitutes a contract, when delay occurs, and the rights of creditors and debtors. Some key points covered include: the five sources of civil obligations listed in Article 1157 of the Civil Code; that demand is generally necessary for a debtor

Author

Andrew Lastrollo

Language

EN