Generic real obligation
WebA generic real obligation (obligation to deliver an indeterminate thing) can be performed by a third person since the object is expressed only according to its family or genus. The creditor has the right to recover damages in case of breach or violation of the obligation. >>An indeterminate/generic thing cannot be the object of destruction by a ... Webgeneric real obligation obligation to deliver a generic thing Damages signify the money compensation awarded to a party for loss or injury resulting from breach of contract or obligation by the other. fortuitous event any event which cannot be foreseen, though foreseen, is inevitable acts of man an event independent of the will of the obligor
Generic real obligation
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Web(2) A generic real obligation (obligation to deliver a generic thing), on the other hand, can be performed by a third person since the object is expressed only according to its family or genus. It is thus not necessary for the creditor to compel the debtor to make the delivery although he may ask for performance of the obligation. WebApr 24, 2024 · Article 1165. April 24, 2024. When what is to be delivered is a determinate thing, the creditor, in addition to the right granted him by article 1170, may compel the debtor to make a delivery. If the thing is indeterminate or generic, he may ask the obligation to be complied with the expense of the debtor. if the obligor delays, or has promised ...
WebDeliver the thing itself. Answer for damages in case of non-fulfillment or breach. 9.2.3. DUTIES OF DEBTOR TO DELIVER A GENERIC THING. Deliver a thing of equal quality as agreed upon. To be liable of damages in case of fraud, negligence, or delay in the performace of the obligation. 9.2.4. DIFFERENT KINDS OF FRUITS. WebStudy with Quizlet and memorize flashcards containing terms like specific real obligation, generic real obligation, genus nunquam perit and more.
WebReal obligation means legal obligation that is connected with real property. t is a duty that corresponds to real right. In other words, real obligation of a person refers to those duties that a person must perform in return for the right that s/he exercises. An example of real obligation is mortgage. Legal Definition list Real Injury WebGENERIC REAL OBLIGATION 22. It refers to obligation to deliver a generic thing that can be performed by a third person since the object is expressed only according to its family or genus. SIMPLE INTEREST 23. It refers to a rate of interest which is stipulated by the parties. MORA SOLVENDI 24.
WebSep 12, 2024 · General Obligation Bonds. By Jeremy Bowman – Updated Sep 12, 2024 at 4:18PM. General obligation bonds, or GO bonds, are municipal bonds that aren’t …
WebNov 3, 2024 · The prestation to give is a real obligation. It is the obligation to deliver either [a] a specific or determinate thing, or [b] a generic or indeterminate thing. An example of … explosion proof ultrasonicWebSee Page 1. Kinds of Obligation according to subject matter 1. Real Obligations (obligation to give) – the subject matter is a thing which the obligor must deliver to the … bubble oxygen machineWebGeneral obligation means a pledge by the applicant ’s voters of the full faith and credit and unlimited taxing ability to secure a loan. The applicant must have the ability to levy and … explosion proof ultrasonic level switchWebAug 17, 2024 · A general obligation, or GO, bond is a type of municipal bond that is backed entirely by the issuers creditworthiness and ability to levy taxes on its residents. Unlike revenue bonds, GO bonds... bubble packaged medicationsWeb2. when declared in the stipulation. 3. when the nature of obligation requires assumption of the risk. under number 1-when the law expressly so declares. 1. when the obligor has promised to deliver the same thing to 2 or more persons who do not have the same interest. 2. when thing to be delivered is generic. explosion proof tube lightWebApr 15, 2024 · Generate an Official Document. .PDF .DOC Create document. A real estate purchase agreement is a binding agreement where the Seller and the Buyer agree and … explosion proof ultrasonic level transmitterWebThe law of obligations is one branch of private law under the civil law legal system and so-called "mixed" legal systems. It is the body of rules that organizes and regulates the rights and duties arising between individuals. bubble over head