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urgent need help obligation and contracts rovision True or False 1. Diligence is the failure to observe that degree of care, precaution and vigilance that

urgent need help obligation and contracts

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rovision True or False 1. Diligence is the failure to observe that degree of care, precaution and vigilance that the circumstances justly demand. 2. A right is a power, privilege, or immunity guaranteed under a constitution, statute or decisional law, or recognized as a result of long usage, constitutive of a legally enforceable claim of one person against the other. 3. Obligations arising from contracts have the force of law between the contracting parties and should be complied with in good faith. 4. A defendant is the party who brings a civil suit in a court of law. He is the person who files the complaint in court. 5. A civil action is one by which a party sues another for the enforcement or protection of a right, or the prevention or redress of a wrong. 6. There is negotiorum gestio when the property or business is not neglected or abandoned. 7. An obligation "to give" is a prestation which consists in the delivery of a movable or an immovable thing. 8. There is negotiorum gestio when the manager has been tacitly authorized by the owner. T 9. An obligation "to do" includes all kinds of work or service. 10. For every right enjoyed by any person, there is a corresponding obligation on the part of another person to respect such right. 24. On January 1, 2018, Y, Inc., and X Corp., entered into an AGREEMENT by virtue of which the former obligated itself to render medical services to the employees of the latter to take effect on January 1, 2018 up to December 31, 2018, and that either party who desires to terminate the contract may serve the other party a written notice at least 30 days in DO advance. On December 16, 2018, Y, Inc., wrote X Corp., to inform that it was assuming from their silence that the Agreement was renewed from January 1, 2019 to December 31, 2019. In their reply-letter, dated December 23, 2018, X Corp., notified Y, Inc., of the termination of the contract upon its expiration on December 31, 2018. But such reply- letter was received by Y, Inc. only on January 9, 2019. Y, Inc. filed a complaint stating that X Corp.'s termination of the Agreement did not conform to their agreement. Is the Agreement renewed for another term? a. Yes because unilateral termination of a contract is violative of the principle of relativity of contracts. b. No because the written notice was dated December 23, 2018 which is earlier than the expiration of contract. c. No because renewal of contract must not be based on assumption. It must be based on obligatory force of contracts and compliance in good faith

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