^
+ Follow OBLIGATION Tag
OBLIGATION
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 724282
                    [Title] => Premature
                    [Summary] => 

Foreclosure of mortgage is valid only when the debtor is in default in the payment of the obligation.

[DatePublished] => 2011-09-07 00:00:00 [ColumnID] => 133340 [Focus] => 0 [AuthorID] => 1804883 [AuthorName] => Jose C. Sison [SectionName] => Opinion [SectionUrl] => opinion [URL] => ) [1] => Array ( [ArticleID] => 653020 [Title] => Dubious circumstances [Summary] =>

Court employees are not prohibited from obtaining credit accommodation or incurring debts. But they have to see to it that they pay their indebtedness. Otherwise they may be administratively sanctioned, like what happened to JV, a court process server of a Regional Trial Court (RTC) in a city in Mindanao.

[DatePublished] => 2011-02-01 00:00:00 [ColumnID] => 133340 [Focus] => 0 [AuthorID] => 1804883 [AuthorName] => Jose C. Sison [SectionName] => Opinion [SectionUrl] => opinion [URL] => ) [2] => Array ( [ArticleID] => 503287 [Title] => Altered only [Summary] =>

A valid existing obligation may be changed by any subsequent agreement between the parties which may either merely modify the prior existing obligation or extinguish the same and give rise to a new valid obligation.

[DatePublished] => 2009-09-09 00:00:00 [ColumnID] => 133340 [Focus] => 0 [AuthorID] => 1804883 [AuthorName] => Jose C. Sison [SectionName] => Opinion [SectionUrl] => opinion [URL] => ) [3] => Array ( [ArticleID] => 424260 [Title] => Unperfected deal [Summary] =>

Dacion en pago is one of the modes of extinguishing an obligation. It partakes of the nature of a contract of sale whereby the property is alienated to the creditor in satisfaction of a debt in money.

[DatePublished] => 2008-12-17 00:00:00 [ColumnID] => 133340 [Focus] => 0 [AuthorID] => 1804883 [AuthorName] => Jose C. Sison [SectionName] => Opinion [SectionUrl] => opinion [URL] => ) [4] => Array ( [ArticleID] => 33088 [Title] => The high costs of inaction and delay [Summary] => [DatePublished] => 2007-12-14 00:00:00 [ColumnID] => 134149 [Focus] => 0 [AuthorID] => 1804944 [AuthorName] => Roberto R. Romulo [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 13627 [Title] => DFA warns Pinoy travelers to EC: Declare Euro cash or face fine [Summary] => [DatePublished] => 2007-08-17 15:40:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Nation [SectionUrl] => nation [URL] => ) [6] => Array ( [ArticleID] => 384963 [Title] => Conduct unbecoming [Summary] => This case should serve as a reminder and warning to government employees regarding their administrative liability in case of failure or refusal to pay their just debts. The question here is whether a withdrawal of the administrative complaint filed against them due to settlement of said debt automatically frees them from administrative liability. This is the case of Gene, an employee in the Office of the Clerk of Court of the Regional Trial Court in Ilocos.
[DatePublished] => 2007-02-14 00:00:00 [ColumnID] => 133340 [Focus] => 0 [AuthorID] => 1804883 [AuthorName] => Jose C. Sison [SectionName] => Opinion [SectionUrl] => opinion [URL] => ) [7] => Array ( [ArticleID] => 301638 [Title] => Starting this November: Cebu City to enforce new payroll system [Summary] => Starting this November, the Cebu City government will implement a new payroll system boasting of shorter and simpler procedures.

Under the new scheme, the City Treasurer's Office will no longer issue checks but prepare instead a debit memo that would be approved and signed by the city administrator.

A debit memo, which is basically a request for cash, will be sent later to the bank where the city maintains its accounts to withdraw the needed money for payroll.
[DatePublished] => 2005-10-13 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Cebu News [SectionUrl] => cebu-news [URL] => ) [8] => Array ( [ArticleID] => 293457 [Title] => 3G licenses open even to delinquent operators — NTC [Summary] => Mobile phone operators which have not completely fulfilled their obligations to roll out 400,000 landlines are still allowed to apply for 3G licenses and frequencies, the National Telecommunications Commission (NTC) pointed out.

In a memorandum explaining the rationale on the allocation and assignment of 3G (third generation) frequency bands, the NTC likewise brushed aside suggestions by mobile phone service providers that the obligations to be imposed on new players ought to carry the same cost as those mandated on existing operators.
[DatePublished] => 2005-08-26 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 237581 [Title] => Breaking a warranty [Summary] => This is a case of assignment of credit. It is an agreement in which a creditor or owner of a credit (assignor) transfers his credit and accessory rights to another (assignee) who acquires the power to enforce it to the same extent as the creditor could enforce it against the debtor even without the consent of the latter. The assignment of credit is in the nature of a sale of personal property and may extinguish the obligation of the assignor to the assignee. But to extinguish said obligation, the assignor must comply with certain warranties. [DatePublished] => 2004-02-04 00:00:00 [ColumnID] => 133340 [Focus] => 0 [AuthorID] => 1804883 [AuthorName] => Jose C. Sison [SectionName] => Opinion [SectionUrl] => opinion [URL] => ) ) )
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