0
What else can I help you with?
Why are commodity futures contracts transferable?
Commodity future contracts are transferable (can be bought and sold), to realize a profit or loss, but the obligation in the contract remains valid.
What is the discharge of contracts?
When neither party has an obligation under a contract anymore
Why are commidity future contracts transferable?
They can be bought and sold but the obligation in the contract remains valid.
Why commodity futures contracts re transferable?
They can be bought and sold but the obligation in the contract remains valid.
What is the stage that represents a legal obligation of funds for orders contracts or agreements?
Undelivered Orders Outstanding "O"
What stage represents a legal obligation of funds for orders contracts agreements?
Undelivered Orders Outstanding "O"
What are the different theories of political obligation?
Some of the main theories of political obligation include natural duty theory (belief in inherent duties to obey authority), gratitude theory (obligation based on benefits received from the state), associative obligation theory (obligation derived from shared community membership), and fairness theory (obligation based on reciprocity and fairness in social contracts).
What is quasi-contracts?
A quasi contract is a contract that is an obligation between two parties. It is imposed by the law independently.?æ
Law on obligation and contracts article 1165?
Article 1165 of the Civil Code of the Philippines states that when a person obligated to do something fails to perform, the creditor has the right to demand the fulfillment of the obligation. The debtor is held responsible for damages if there is non-performance, delay, or defective performance of the obligation. This article ensures that parties are held accountable for their obligations under contracts.
Features of a valid contract?
A contract must have a promise or obligation from one party in exchange for a promise or obligation from another party. There is no requirements that contracts be signed, witnessed, or even written to be enforceable. Oral contracts as well as contracts written on napkins in bars have been enforced by courts. A contract only requires that both parties are doing something in exchange for whatever the other party is doing.
Can you explain me the Article 1165 in the Law of Obligations and Contracts in the Philippines?
Article 1165 of the Law on Obligations and Contracts in the Philippines states that when a person fails to fulfill an obligation, the law allows for the creditor to demand fulfillment or damages. This article emphasizes the principle that contracts must be performed in good faith and that parties are expected to honor their agreements.
Are all warranties unilateral contracts and are all unilateral contracts warranties?
no and no
