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(Midterm Discussion)
1. Specific or generic
2. positive or negative
3. real or personal
4. possible or impossible
5. divisible or indivisible
6. principal or accessory
7. simple or compound:
1. conjunctive - demandable at the same time;
2. distributive - either alternative or facultative
OBLIGATION WITH A PERIOD
• Myth is obliged to pay Rommel Php1,000 'on exactly' June 30, 2020
with the stipulation that the payment may be demanded by Rommel
before the said date. Here, the period is for the benefit of Rommel
(the creditor).
• John is obliged to pay Paul Php5,000 on exactly May 10, 2020. John
paid Php2,5000 (as partial) to Paul who unconditionally accepted it.
Here, the period is presumed to be waived by Paul (the creditor).
POWER TO FIX PERIOD BY THE COURT
The court may fix a period: