Nature and Effects of Obligations

In the conduct of its operations, a business is required to observe a certain standard of care depending on that prescribed by the law or what has been agreed upon. By default, a person who is obliged to give something is also required to take care of the item with the proper diligence of a good father of a family except if there is a different standard of care required by law or through a stipulation of the parties.

Similarly, a person who is obliged to perform an obligation is required to observe the diligence of a good father of a family if the law or contract does not state the diligence which is to be observed in the performance thereof.

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