Obligations arising from contracts have the force of law between the contracting parties and should be complied with in good faith.
Comment:
(1) Obligations ex-contractu
While obligations arising from a contract have the force of law between the parties, this does not mean that the law is inferior to contracts. This is because before a contract can be enforced, it must first be valid, and it cannot be valid if it is against the law.
(2) Meaning of Article
The article means that neither party may unilaterally and upon his own exclusive volition, escape his obligations under the contract, unless the other party assented thereto, or unless for causes sufficient in law and pronounced adequate by a competent tribunal.
(3) Differences Between an Obligation and a Contracts
An obligation is the result of a contract. Hence, while a contract, if valid, always results in obligations, not all obligations come from contracts. A contract always
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presupposes a meeting of the minds; this is not necessarily true for all kinds of obligations.
(4) The so-called Innominate Contracts
For want of an express name, the following are termed contratos innominados: (a) Do ut des I give that you may give. (b) Do ut facias I give that you may do. (c) Facio ut des I do that you may give. (d) Facio ut facias I do that you may do.