SECTION 3. - ALTERNATIVE OBLIGATIONS An alternative obligation is one wherein various prestations are due but the performance of one of them is sufficient as determined by the choice‚ which‚ as a general rule‚ belongs to the debtor. Right of choice‚ as a rule‚ given to debtor. GENERAL RULE: The right to choose belongs to the debtor/ obligor Except: When the right has been expressly granted to the creditor Right of choice of debtor not absolute. LIMITATION ON THE DEBTOR’S CHOICE (1) The debtor
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development is playing a fundamental role in our society‚ and the perception of sustainable development has been well perceived. In an accounting context‚ the sustainability reporting has evolved into a kind of tool for an organization to show and present its Corporation Social Responsibility. Moreover‚ it is also the expectation for the business organization to operate in a sustainable way. In the recent researches‚ there are sufficient evidences show how important the sustainable development to the
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ecology and sustainability‚ b) population and demographics‚ c) science and technology‚ d) economy‚ e) geopolitics and security‚ f) society and culture. This aim is based upon the following assumptions: • Colourful Corporation is Australian based and owned • Colourful Corporation is a business strategy‚ investment and consultancy group • Colourful Corporation is affiliated with many companies globally It is concluded that: Sustainable Science is a relatively new field of
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CLASSIFICATION OF OBLIGATIONS 1. PURE OBLIGATION – one without a term or is it a subject to a condition and is immediately demandable. 2. CONDITIONAL OBLIGATION – one which is subject to a condition. (a). SUSPENSIVE CONDITION - one which suspends the effectivity of the obligation until the condition is fulfilled. The fulfillment of the condition produces the efficacy of the obligation. (b). RESOLUTORY – one which extinguishes the obligation upon the happening of the condition. The obligation is immediately
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Bush administration‚ but his decisions tremendously affected the way CIA is run today. Review Questions: 1. As suggested by Waldo’s essay‚ the advice about ethical behavior in the public office is a set of “maps” divided into 12 different obligations: to the Constitution‚ to Law‚ to Nation or Country‚ to Democracy‚ to Organizational-Bureaucratic‚ to Profession and Professionalism‚ to Family and Friends‚ to Self‚ to Middle-Range Collectives‚ to the Public Interest or General Welfare‚ to Humanity
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relevance of sustainability in marketing decision making What is marketing? What exactly is marketing? Is it just convincing people to buy products through various media? Billboards‚ TV commercials‚ junk mail and magazines filled with advertisements? From the consumer’s perspective‚ that is how it seems (Kotler et al. 2010‚ p. 5). But from a business’s standpoint‚ marketing is viewed very differently. Marketing is viewed as being based on an exchange relationship between a business and its customers
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Chapter 4 EXTINGUISHMENT OF OBLIGATIONS Section 1 – PAYMENT OR PERFORMANCE Payment It is the fulfillment of a promise; the performance of an agreement. This consists of: a. the delivery of money or its equivalent in specific property or services‚ or b. doing a certain act or not doing a certain act. How payment is made a. The thing or service contemplated must be delivered or rendered. 1. The debtor of the thing cannot compel the creditor to accept a different one although the latter
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1. Obligation is a juridical necessity because one of the sources of our obligation is the law. 90% of our obligations comes from law. 2. 4 sources: Law‚ contract‚ quasi-contract‚ delict tas may isa pa e. quasi-delict. 3. Generic thing- object to ng obligation tas kung nawala sya‚ pwede pang palitan kasi nga generic. Tas kapag specific once na nawala yung object‚ hindi na pwedeng palitan. Tas liable yung debtor sa damages sa creditor. 4. Obligations of the debtor: to give‚ to do or not to
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Week 1 – Welcome / Introduction to Law I. 1. 2. 3. 4. Introduction to Law Not Not Not Not Divine Law‚ law of religion and faith Natural Law‚ justice‚ fairness and righteousness Moral Law‚ norms of good and right conduct Physical Law‚ order or regularity in nature Sources of Law i) i) Constitution – Fundamental Law of the land ii) ii) Legislations – Passed by Senate and House of Representatives iii) iii) Administrative issuances – Quasi Legislative Functions iv) iv) Jurisprudence – Decisions of the
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Writing a Sustainability Plan A Sustainability Plan can take many forms. Depending on the size‚ type and capacity of your organization‚ your Sustainability Plan could be a two-page document that focuses on a long-term vision and broad goals‚ or a one hundred-page document that outlines specific targets‚ quantitative indicators and a detailed timeline. What is important is that your organization takes the first step to holistically managing the impacts – both positive and negative – that your organization
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