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Study Guide

The document outlines topics for studying the extinguishment of obligations and contracts law. It lists various modes of extinguishing obligations such as payment, loss, remission, merger, compensation, and novation. It also discusses concepts related to contracts including consent, object, cause, forms of contracts, interpretation of contracts, and remedies for defective contracts.

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40 views2 pages

Study Guide

The document outlines topics for studying the extinguishment of obligations and contracts law. It lists various modes of extinguishing obligations such as payment, loss, remission, merger, compensation, and novation. It also discusses concepts related to contracts including consent, object, cause, forms of contracts, interpretation of contracts, and remedies for defective contracts.

Uploaded by

shandierika.pitao
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Study Guide1:

I. Extinguishment of Obligations

❖ Take note of the various modes to extinguish an obligation:


➢ Remember: PaLoReMerComNo FRAP

❖ Take note of the various/special modes to effect payment/performance

❖ When do you consider a thing as Lost.


➢ What are the various ways that a thing may be considered as lost.

❖ Take note that remission is considered a donation


➢ What are the requirements to validly effect a donation/remission

❖ Take note of the parties involved in Merger or Confusion

❖ What are the different types of Compensation and what are their requisites if any.

❖ Take note of Novation


➢ What are the ways in which novation will take effect?
➢ What are the requisites of novation?
➢ What are usually involved in novation?
➢ When is there substitution.
➢ When is there subrogation.
➢ What are the differences between the two abovementioned.

II. Contracts

❖ What is a contract?
➢ What are the different kinds of contracts?
➢ What makes up a valid contract?
➢ Freedom of Contract
➢ Limitations of Freedom to Contract

❖ Consent
➢ What is consent
➢ What is required for there to be meeting of the minds
➢ When is valid consent given
➢ How is consent vitiated
➢ Who can and cannot give consent
❖ Object
❖ Cause / Consideration
❖ Form of Contracts
➢ When required
❖ Reformation of Contracts
➢ When available
❖ Interpretation of Contracts
➢ How to interpret contracts
❖ Kinds of Defective Contracts
➢ What are the different kinds of remedies available for defective contracts
➢ What are the requisites for these remedies to be availed of.
➢ Art. 1403 (2)

-Nothing Follows-

1
Caveat: this study guide is just a guide. It does not mean that topics not covered under this
guide will be excluded from the exam.

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