BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS LAW

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Obligations arising from contracts have the force of law between the contracting parties and should be complied with in good faith.
A
ARTICLE 1157
B
ARTICLE 1158
C
ARTICLE 1159
D
ARTICLE 1160
Explanation: 

Detailed explanation-1: -The contracting parties are primarily governed by the stipulations, clauses, terms and conditions of their agreements. If they are not contrary to law, shall have the force of law and should be complied with in good faith.

Detailed explanation-2: -Obligations arising from contracts have the force of law between them and should be complied with in good faith. Unless the stipulations in a contract are contrary to law, morals, good customs, public order, or public policy, the same are binding as between the parties.

Detailed explanation-3: -Article 1159. Obligations arising from contracts have the force of law between the contracting parties and should be complied with in good faith.

Detailed explanation-4: -Article 1169. Those obliged to deliver or to do something incur in delay from the time the obligee judicially or extrajudicially demands from them the fulfillment of their obligation. (3) When demand would be useless, as when the obligor has rendered it beyond his power to perform.

Detailed explanation-5: -1165. When what is to be delivered is a determinate thing, the creditor, in addition to the right granted him by Article 1170, may compel the debtor to make the delivery. If the thing is indeterminate or generic, he may ask that the obligation be complied with at the expense of the debtor.

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