Law of Obligations





The Law of Obligations is one of the component elements of the civil law
system of law and encompasses contractual obligations, quasi-contractual
obligations such as unjust enrichment and extra-contractual obligations. The
Law of Obligations is one of the branches of the civil law which includes
the Law of Property, the Law of Persons, the Law of the Family the Law of
Successions, the Law of Hypothecs, the Law of Evidence, the Law of
Prescription, the Law of Publication of Rights, and the Law of Private
International Law.

The Law of Obligations seeks to organize and regulate the voluntary and
semi-voluntary legal relations available between moral and natural persons
under as (1) obligations under contracts, both innominate and nominate (for
example: sales, gift, lease, carriage, mandate, association, deposit, loan,
employment, insurance, gaming and arbitration), (2) in unjust enrichment,
(3) management of the property of another, (4) the reception of the thing
not due and (5) the various forms of extra-contractual responsibility
between persons known as delicts and quasi-delicts.