Online Encyclopedia
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 private international law. The Law of Obligations finds its origins in Roman 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.