Page 22 - Obligations & Contracts Module 1-2

IRREGULARITY OF PERFORMANCE/BREACH

Different Kinds of Obligations :

(1) Pure – demandable at once, no term, no condition

(2) Conditional – a future and an uncertain event or a past event unknown to

the parties

(3) With a period – future & certain, past & uncertain, payable when able

*When stipulation says “payable when able “ – it is with a period-remedy:

a) agreement among parties

b) court shall fix period of payment when parties unable to agree

Kinds of Obligation (With a period):

a. Resolutory ( in diem ) – takes effect at once but terminate upon arrival

of the day certain; Day certain – that which must necessarily come,

although it may not be known when.

b. Suspensive ( ex die ) – takes effect on the day stipulated; the

happening of a condition gives rise to an obligation