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This document summarizes key aspects of obligations under Philippine law: 1. An obligation is a juridical necessity to give, do, or not do something. It binds the debtor to fulfill their duty while granting the creditor the right to demand performance. 2. There are two types of obligations - civil obligations which can be enforced in court, and natural obligations which cannot be enforced but the debtor may voluntarily comply. 3. For an obligation to be valid and binding, it must have an obligor, oblig

Author

Crumwell Magsino

Language

EN