Kinds of Obligations According To The Person Obliged
Kinds of Obligations According To The Person Obliged
Kinds of Obligations According To The Person Obliged
The power to rescind obligations is implied in reciprocal ones, in case one of the obligors
should not comply with what is incumbent upon him.
The injured party may choose between the fulfillment and the rescission of the obligation, with the
payment of damages in either case. He may also seek rescission, even after he has chosen fulfillment, if
the latter should become impossible.
The court shall decree the rescission claimed, unless there be just cause authorizing the fixing of a
period.
This is understood to be without prejudice to the rights of third persons who have acquired the thing, in
accordance with Articles 1385 and 1388 and the Mortgage Law.
(1) Unilateral
- only one party is obliged
(2) Bilateral
- both parties are mutually bound to each other
- both parties are debtors and creditors
- may be reciprocal or non-reciprocal
The court may grant guilty party term or period for the performance of his obligation, if willing to comply, but
needs time to do so and not where he refuses to perform.
Remedies are alternative and not cumulative. The aggrieved party is privileged to choose only one of the
remedies, and not both.
After extrajudicial rescission, the party can resort to judicial action, and only the final decision of the court can
finally settle whether the rescission was proper or not.