OBLICON Chapter 3 Part 1

What is a pure obligation?

• A suggestion to perform an action at one's discretion.

• A legal or moral duty to perform a specific action unconditionally.

• A conditional promise based on future events.

• A recommendation without any legal implications.

Define a conditional obligation.

• A duty that depends on a specific condition being fulfilled.

• A duty that is always mandatory regardless of conditions.

• An obligation that is only applicable in legal contexts.

• A responsibility that is shared among multiple parties.

What is a resolutory condition?

• A requirement that must be met for a contract to be valid.

• A clause that allows for negotiation of terms.

• A condition that causes a contract to terminate when fulfilled.

• A condition that enhances a contract when fulfilled.

List the characteristics of a condition.

• A condition is always true regardless of the criteria.

• A condition is a statement that can evaluate to true or false, often involving specific criteria and logical operators.

• A condition is a type of mathematical equation.

• A condition cannot involve logical operators.

What does it mean for an obligation to be demandable at once?

• It means the creditor can demand fulfillment of the obligation immediately.

• It means the obligation can be fulfilled at a later date.

• It means the creditor must wait for a specific time to demand fulfillment.

• It means the obligation is no longer valid or enforceable.

Explain the difference between suspensive and resolutory conditions.

• Suspensive conditions delay the effect of a contract until a condition is met, while resolutory conditions end the contract upon the occurrence of a specified event.

• Both suspensive and resolutory conditions are the same and have no impact on contracts.

• Suspensive conditions end a contract immediately upon a specified event.

• Resolutory conditions delay the effect of a contract until a condition is met.

What happens to rights in conditional obligations?

• Rights in conditional obligations are contingent and only arise if the specified condition is fulfilled.

• Rights in conditional obligations are permanent and cannot be revoked.

• Rights in conditional obligations are automatically granted regardless of conditions.

• Rights in conditional obligations are absolute and always enforceable.

Can obligations with a resolutory term be demandable at once?

• Only if specified in the contract.

• They can be partially demandable at once.

• Yes, they can be demandable at once.

• No, they cannot be demandable at once.

What is the significance of a future and uncertain event in conditional obligations?

• The obligation is always enforceable regardless of the event.

• Conditional obligations have no impact on the parties involved.

• The event must be certain for the obligation to exist.

• The significance lies in the fact that the obligation is contingent upon the occurrence of an uncertain event, affecting the rights and duties of the parties.

How does a past event unknown to the parties affect obligations?

• A past unknown event can alter or discharge obligations if it materially affects the agreement.

• A past unknown event can only increase obligations without altering them.

• Obligations are always upheld regardless of past events.

• A past unknown event has no effect on obligations whatsoever.