Law On Obligations And Contracts Hector De Leon Pdf Zip -- Poultry and Party Information ExchangeAn obligation is a juridical necessity to give, to do or not to do. Meaning of obligation. The term obligation is derived from the Latin word obligatio which means a tying or binding. Our law merely stresses the duty of the debtor or obligor he who has the duty of giving, doing, or not doing when it speaks of obligation as a juridical necessity. Meaning of juridical necessity. Obligation is a juridical necessity because in case of non-compliance, the courts of justice may be called upon to enforce its fulllment or, in default thereof, the economic value that it represents. In a proper case, 1.
Obligations and Contracts 1
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Embed Size px x x x x Juridical Necessity in case of non-compliance the courts may call upon to enforce its fulfillment or, the economic value it represents. The tie can be be easily determined by knowing the source of obligation. Example: breach of contract. Essential Elements:a. There is an ACT or OMISSION in breach or violation of the said right by the defendant one being sued in civil action or prosecuted in a criminal action with consequential injury or damage to the plaintiff one who brings an action at law for which he may maintain an act for damages or appropriate relief assistance 2. If any element is absent, complaint becomes vulnerable to motion to dismiss on the ground of failure to state a cause of action3.
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