Chapter 4: MODES OF EXTINGUISHING OBLIGATIONS a) By payment or performance b) Loss of the thing due c) Condonation or remission of the debt d) Confusion or merger e) Compensation f) Novation In addition: g) Annulment h) Rescission i) Fulfillment of a resolutory condition j) Prescription k) Death of a party in case the obligation is personal l) Mutual desistance m) Compromise n) Impossibility of fulfillment o) Happening of fortuitous events PAYMENT or PERFORMANCE
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The Law of obligations and contracts is a the body of rules which deals with the nature and sources of obligations and the rights and duties arising from agreements and the particular contracts. Obligation latin word obligation meaning tying or binding; Juridical necessity to give to do or not to do. Requisites of an obligation 1) Passive subject; debtor‚ obligor 2) Active subject; creditor or oblige 3) Object or prestation‚ subject matter of obligation 4) Juridical tie; efficient
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Contrast in “Days of Obligation” Acclaimed American author Richard Rodriquez’s autobiography “Days of Obligation” conveys that his feelings for both Mexico and the United States can be expressed through contrasts. Rodriquez uses pathos‚ tropes‚ and schemes to articulate his feelings. His purpose for writing about the contrasts between Mexico and California is to help readers understand the differences that affected his life. Rodriguez’s relationship with his literate audience is personal‚ since
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care in their advertising and it makes an emotional impact than they are more likely to get voted for. Not only does having an emotional connection with the people have a success in advertising campaigns but also if you show the people their ideal living. In advertising you can paint any picture you want to and if you paint the picture of how someone’s life can change if their vote was for them this will have so much effect on the people. In campaigns it is all about who will do a
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Employees Duty to the Firm Harmony between employees and employers is only possible only when there is no selfishness in the relationship. There are a lot of employers or firms obligation to an employee. But for every employer’s obligation there is also a corresponding obligation or responsibility of employee to the employer. While employers give what is just and right‚ employees should also be obedient‚ because obedience counts a lot. An employee should be respectful while an employer should not
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In a society‚ crime is inevitable. Crime has its effect to the society’s moral and behavioral standard because it distinguishes the line between right and wrong. Since the society transform from an agricultural and domestic to a modern society‚ more people are educated. This transformation created different classes in a society‚ upper class‚ middle class and lower class. Karl Marx suggested that capitalism inherent a class system in which class relations are characterized by conflict. Although owners
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Ethical and Legal Obligations Ethical and legal obligations apply to all members of society. As one in society‚ the obligation to act in an ethical‚ law abiding manner on a daily basis is vital to the integrity of daily life. Many professions have their own code of ethics. Financial reporting is not exempt from such ethical and legal standards. One’s lively hood depends on decisions made in the business world. Business transactions are done daily and can impact one’s economic stability.
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’The person who is elected by representing a political party has a moral obligation to obey the party’ There are many reasons as to why this is an issue‚ the main reason being party whips. A party whips are people or methods that by which a given party informs their MPs what position or way the party is taking or voting concerning a particular issue. A local Croydon Newspaper in September headlined‚ ‘Party whip or conscience?’‚ the article concerning the amendment in the laws regarding abortion
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of an obligation through the creation of a new one which substitutes it * The substi or change of an oblig by another‚ which extinguishes or modifies the first‚ either: * by changing its object or principal conditions * by substi another in place of the debtor * by subrogating a third person in the rights of the creditor (Subrogate - Take over a legal claim or right against a third party from another party who previously owned that right or claim) Art. 1291 Obligations may be
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* It helps the consumer to save time. As the consumer has already been the consumer is not required to spend time in getting the products. * It raises the living standard of consumers. * It provides knowledge about the new designs of the commodities to consumers and thus consumers consume those commodities and increase their living standard. Advertising is an indispensable part of the marketing strategy of any product or service. A proper advertisement has a great impact on the sales of
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