1206. When the conditions have been imposed with the intention of suspending the efficacy of an obligation to give, the following rules shall be observed in case of the improvement, loss or deterioration of the thing during the pendency of the condition:When one of the solidary debtors cannot, because of his insolvency, reimburse his share to the debtor paying the obligation, such share shall be borne by all his co-debtors, in proportion to the debt of each.
(2) Obligation to do or not to do - courts shall determine in each case retroactive effect of the condition that has been complied with When the choice has been expressly given to the creditor, the obligation shall cease to be alternative from the day when the selection has been communicated to the debtor.Damages other than the value of the last thing or service may also be awarded. (n)Every obligation which contains a resolutory condition shall also be demandable, without prejudice to the effects of the happening of the event.
1199.
1197.
- must and have to The verb must only exists in the simple present and present perfect forms.
Neither can the creditor demand the fulfillment of the obligation and the satisfaction of the penalty at the same time, unless this right has been clearly granted him. The demand made against one of them shall not be an obstacle to those which may subsequently be directed against the others, so long as the debt has not been fully collected. 1208. In conditional obligations, the acquisition of rights, as well as the extinguishment or loss of those already acquired, shall depend upon the happening of the event which constitutes the condition. Contracts such as lease agreements are going to have very different obligations from sales contracts. (1123)Art. Payment by a solidary debtor shall not entitle him to reimbursement from his co-debtors if such payment is made after the obligation has prescribed or become illegal.
Types of General Obligation Bonds. 1184. For the purposes of the preceding articles, obligations to give definite things and those which are not susceptible of partial performance shall be deemed to be indivisible. But once the substitution has been made, the obligor is liable for the loss of the substitute on account of his delay, negligence or fraud. It is the body of rules that organizes and regulates the rights and duties arising between individuals. - must and have to The verb must only exists in the simple present and present perfect forms. 1217. However, if after the creditor has decided to require the fulfillment of the obligation, the performance thereof should become impossible without his fault, the penalty may be enforced. He may also seek rescission, even after he has chosen fulfillment, if the latter should become impossible.Art. If from the law, or the nature or the wording of the obligations to which the preceding article refers the contrary does not appear, the credit or debt shall be presumed to be divided into as many shares as there are creditors or debtors, the credits or debts being considered distinct from one another, subject to the Rules of Court governing the multiplicity of suits. (1136a)Art. (1129a)Art.