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Types of Conditional Obligations by Cheska is a document available to read on EtoBox.
What is Types of Conditional Obligations about?
This document summarizes the differences between pure obligations and conditional obligations under Philippine contract law. [1] Pure obligations are not subject to any condition and are immediately demandable. Conditional obligations have fulfillment that depends on a future uncertain event or a past unknown event. [2] Conditional obligations can be either suspensive, where the obligation arises upon condition occurrence, or resolutory, where the obligation is extinguished upon condition occurrence. [3]
- Author
- Cheska
- Language
- EN