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What is Essential Elements of Obligation in Law about?

An obligation has essential elements including parties (creditor and debtor), prestation (conduct to be performed), and juridical tie (relation binding parties). An obligation can arise from law, contract, quasi-contract, delict, or quasi-delict. The debtor has duties regarding delivery and care of things owed. The creditor has remedies for non-performance like demanding specific performance or damages. Obligations are classified based on prestation type, number of parties/prestations, divisibility, and oth

Author

Katherine Heigl Madrigal

Language

EN