Article 1181
ELI5— what this means for you
A suspensive condition means the obligation arises only when the condition is fulfilled. A resolutory condition means the obligation is extinguished when the condition occurs.
Official text — RA 386
In conditional obligations, the acquisition of rights, as well as the extinguishment or loss of those already acquired, shall depend upon the happening of the event which constitutes the condition. (1114)
Source: lawphil.net (RA 386 as amended)
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RELATED RIGHTS
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