Compliance in good faith PDF

Title Compliance in good faith
Course Bachelor of Science in Business Administration
Institution Polytechnic University of the Philippines
Pages 1
File Size 28.7 KB
File Type PDF
Total Downloads 92
Total Views 139

Summary

requsiites...


Description

means compliance or performance in accordance with the agreed stipulations or terms of the contract

Compliance in good faith

Evasion by a party of legitimate obligations after receiving the benefi ts under the contract would constitute unjust enrichment on his part.

Article 1160

treats of obligation arising from quasi-contracts or contracts implied in law

Quasi-Contracts

is that juridical relation resulting from lawful, voluntary, and unilateral acts by virtue of which the parties become bound to each other to the end that no will will be unjustly enriched or benefited at the expense of others It is not, properly, a contract at all. In a contract, there is a meeting of the minds or consent; the parties must have deliberately entered into a formal agreement. In a quasi-contract, there is no consent but the same is supplied by fi ction of law. In other words, the law considers the parties as having entered into a contract, irrespective of their intention, to prevent injustice....


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