Can I read Reciprocal Obligations and Rescission Rights on EtoBox?
Reciprocal Obligations and Rescission Rights by J.r. Quianzon Castillo is a document available to read on EtoBox.
What is Reciprocal Obligations and Rescission Rights about?
The document discusses reciprocal obligations under Philippine civil law. It defines reciprocal obligations as those created at the same time and out of the same cause, resulting in a mutual creditor-debtor relationship between the parties. The performance of one obligation is conditioned on the simultaneous fulfillment of the other. If one obligor fails to comply, the other party has a right to rescind or resolve the contract through judicial action, unless the contract provides otherwise. A breach must be
- Author
- J.r. Quianzon Castillo
- Language
- EN