BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -ARTICLE 1167. If a person obliged to do something fails to do it, the sameshall be executed at his cost. This same rule shall be observed if he does it in contravention of the tenor ofthe obligation. Furthermore, it may be decreed that what has been poorlydone be undone.

Detailed explanation-2: -Article 1163. Every person obliged to give something is also obliged to take care of it with the proper diligence of a good father of a family, unless the law or the stipulation of the parties requires another standard. This article speaks of an obligation to care of a determinate thing.

Detailed explanation-3: -Legal Delay or default or mora is the failure to perform an obligation on time which failure constitutes a breach of the obligation.

Detailed explanation-4: -If loss is without the fault of the debtor, obligation is extinguished. If loss through the fault of the debtor, obliged to pay damages. If thing deteriorates without the fault of the debtor, impairment to be borne by the creditor.

Detailed explanation-5: -Solutio indebiti – is the juridical relation which is created when something is received when there is no right to demand it and it was unduly delivered through mistake.