Page 290 - Important Provisions of The New Civil Code

In reciprocal obligations, neither party incurs in

delay if the other does not comply or is not

ready to comply in a proper manner with what

is incumbent upon him. From the moment one

of the parties fulfills his obligation, delay by the

other begins. (1100a)

Article 1170. Those who in the performance of

their obligations are guilty of fraud, negligence,

or delay, and those who in any manner

contravene the tenor thereof, are liable for

damages. (1101)

Article 1174. Except in cases expressly specified

by the law, or when it is otherwise declared by

stipulation, or when the nature of the obligation

requires the assumption of risk, no person shall

be responsible for those events which could not

be foreseen, or which, though foreseen, were

inevitable. (1105a)