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What is Understanding Obligations and Contracts about?

This document summarizes the key elements and types of obligations under Philippine law. It outlines that an obligation is a legal duty to give, do, or not do something. There are four elements of an obligation: the active subject who receives benefits; passive subject who performs the duty; the object or subject matter; and the reason the obligation exists. Obligations can be classified by their nature, subject matter, whether the duty is positive or negative, and whether the obligation involves one or two

Author

Gerald Kagaoan

Language

EN