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What is Understanding Obligations in Contracts about?

This document provides an overview of obligations and contracts under Philippine law. It defines an obligation as a legal duty to give, do, or not do something. The key elements of an obligation are the active subject (creditor), passive subject (debtor), prestation or object, and efficient cause. Obligations can arise from law, contracts, quasi-contracts, unlawful acts, and quasi-delicts. Contracts create obligations with the force of law between parties that must be fulfilled in good faith. Quasi-contract

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Backup Files

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EN