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Contracts 63 4 Differences Between an Obligation and
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acceptance action agreed agreement already amount annulment apply Article Bank Bank of Taiwan buyer cause Civil Code claim compensation condition consent consignation contract Court of Appeals creditor criminal damages debt default defendant delivered delivery demand donation effect enforceable estoppel Example executed expressly extinguished extrajudicial FACTS favor filed fortuitous event fulfillment give heirs HELD Hence illegal insolvency installments interest Issue judgment judicial later lease liable Manila Manresa ment mortgage negligence NOTE novation object obligation oral owner ownership paid pari delicto parties payment performance Phil Philippine plaintiff possession prescribed prescriptive period principal promissory note quasi-contract quasi-delict real property reason recover reimbursement rescind rescission Rules of Court SCRA seller sold solidary debtors Statute of Frauds stipulation subrogation Supreme Court surety term thereof thing third person thru tion Torrens Title trust unless Usury valid void voidable