OBLIGATIONS AND CONTRACTS GENERAL INSTRUCTIONS * Please present your answer on an A4 size bond paper using Arial font, size 12 with proper margins; Absolutely NO CARBON copies are allowed. Any students found guilty of plagiarism will be dealt with accordingly and will receive a grade of 5.0; *Please thoroughly study and take responsibility for your answers to each question, as they may be cross-checked during graded recitation: 1. Explain the concept of negoforum gesto and provide an example of a situation where nenobonm bestio might apply in a business context, (6 points) 2. Discuss the concept of solitio indebili and provide an example of a business scenario where solution indebit might be applicable (5 points) 3 Explain the concept of Article 1156 of the Civil Code and provide an example of a business soonario where this article might be applicable. (5 points) 4. Discuss the significance of Article 1156 in the comext of business contracts and provide an example of how this article might impact the formation or performance of a business contract. (5 points) 5. Explain the concept of Article 1163 of the Civil Code and provide an example of a business scenario where this article might be applicable. (6 points) 6. Discuss the significance of Article 1163 in the context of remedies for breach of contract and provide an example of how this article might impact the resolution of a business dispute arising from a breach of contract. (5 points) 7. Explain the concept of "diligence of a good father of a family" as il pertains to business law and provide an example of a business scenario where this concept might be applicable, (5 points) 8. Discuss the significance of the standard of "diligence of a good father of a family" in the context of business contracts and provide an example of how this standard might impact the performance of contractual obligations. (5 points) 9. Explain the essential elements of an obligation as outlined in business law and provide an example of a business scenario where these elements are present. (5 points) 10. Discuss the significance of understanding the elements of obligation in the context of business contracts and provide an example of how a failure to meet these elements might lead to legal disputes in business setting. (5 points)