OBLIGATIONS AND CONTRACTS

Article 1193
• Obligations for whose fulfillment a day certain has been fixed, shall be demandable only when that day comes
• Obligations with a resolutory period take effect at once, but terminate upon arrival of the day certain.
• A day certain is understood ti be that which must necessarily come, although it may not be known when.
• If the uncertainty consists in whether the day will come or not, the obligation is conditional, and ut shall be regulated by the rules of the preceding section

Article 1193
Concept
a) Period – a space of time which has an influence on obligations as a consequence of juridical act, and either suspends their demandability or produces their extinguishment b) Day certain – one which must necessarily come, although it nay not be known when.

Article 1193
Kinds of period
a) According to source
1) Legal ---- period fixed by law
2) Voluntary ---- period fixed by parties
3) Judicial ---- period fixed by the court
b) Other classifications
1) Ex Die (suspensive) ---- a period which must lapse before the obligation can be demanded.
2) In diem (resolutory) ---- a period after which the obligation is extinguished

Article 1193
When obligation is demandable
Obligation with suspensive period –
Obligations with a suspensive period shall be demandable only when the period comes
Example
I’ll give you a car on Dec. 10, 2005. The car is demandable on
Dec. 10, 2005.
b) Obligation with resolutory period
Obligations with a resolutory peroid is demandable at once, but will terminate upon arrival of the period.
Example
I’ll give you a car until March 20, 2005. The demandable at once, but will terminate after March 20, 2005
a)

Article 1193
Distinctions between period and condition
a) As to fullfillment
A condition is an uncertain event, while a period is an event that must