Law on Obligations & Contracts (3002) 10:30-11:30 MWF

This course deals with the basic principles of law in relation to obligation and their applicability to commercial transactions. It involves a discussion of the nature, sources, kinds of obligations and contracts. 

Topics included: legal concepts of enforceable rights and obligations; types of laws and the natural legal system; nature, purpose and scope and key principles of legislation; sources and kinds of obligations under the Civil Code; nature and effects of obligations; circumstances affecting obligations; rights and duties of both the debtor and the creditor; extinguishment of obligations; general principles of law on contracts; elements and stages of the perfection of contracts; form and interpretation of contracts; reformation of instruments; and kinds of defective contracts.