BUSINESS LAW

An obligation is a juridical necessity to give, to do or not to do is under on what article?

• Article 1156

• Article 1561

• Article 1116

• Article 1561

This takes place when one party promises to buy and the other party promises to sell a determinate thing at an agreed price.

• Sales

• Bilateral promise

• Unilateral promise

• Rescission

A contract whereby one of the contracting parties obligates himself to transfer the ownership of and to deliver a determinate thing.

• Contract of obligation

• Contract

• Contract of sale

• Barter

It is a special form of payment where the ownership of property is transferred to his creditors to pay debt in money.

• Payment by cession

• Dation in payment

• Dacion in pago

• Datio en solutum

It cannot exist without a principal obligation.

• Legal mortgage

• Immovable

• Real right

• Accessory

A contract whereby a person binds himself to render some service or to do something in representation or in behalf of another, with the consent and authority of the latter.

• Contract of agency

• Contract of sale

• Contract for lease of services

• Obligation and contract

A partnership of all present property in which all partners contribute all the property which shall belong to the common fund.

• Universal partnership of profits

• University series

• Universal property

• Particular partnership

The right given to a dissenting stockholder to demand payment of the fair value of his shares.

• Distributive rights

• Stockholders' right

• Right to demand

• Appraisal right

The law governing negotiable instruments is the Negotiable Instruments Law or

• Article No. 2001

• Article No. 2031

• Article No. 2113

• Article No. 2033

The cause of each contracting party is the prestation or promise of a thing or service by the other.

• Onerous Contract

• Rescissible Contract

• Voidable Contract

• Unenforceable Contract