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The document defines the obligation as the legal bond between parties that compels one, called the debtor, to give, do, or refrain from doing something in favor of the other, called the creditor. It describes the three elements of the obligation: the legal bond, the parties, and the performance or object. It explains the classifications of obligations according to their object, effects, and subjects. Finally, it defines the obligations to give, to do, and not to do, providing examples of each.

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