An obligation is a juridical necessity to give, to do or not to do. (n)
Ang obligasyon ay isang Juridical necessity na magbigay, gawin at hindi gawin.
Obligation derived from the latin word “obligatio” meaning tying or binding. Joridical necessity connote that in case of non compliance, there will be legal sanction.
Elements:
Active Subject – the one is demanding the performance (Creditor)
Passive Subject – the one bound to perform the prestation to give, to give, to do or not to do
Prestation or Object – the subject matter of the obligation
Efficient Cause – the juridical tie or vinculum by virtue of which the debtor has become bound to perform the prestation
Case Illustration: ASJ Corporation and Antonio San Juan vs Spouses Efren and Maura Evangelista