About this document
Understanding Legal Delay in Obligations by Mary Ann Bandola is a document available to read on EtoBox.
The document discusses the nature and effect of obligations under Philippine law, explaining that an obligor is considered in delay or default after a demand is made by the creditor for fulfillment of the obligation and the obligor fails to comply. It provides examples of when demand is not necessary to put the obligor in default, such as when time is of the essence or demand would be futile. The document also covers the effects of default on both parties in reciprocal obligations.
- Author
- Mary Ann Bandola
- Language
- EN