Exam 10: Legal Obligations and Their Application

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If an injured party in a contract has demanded rescission, he later may ask for performance. However, of he seeks performance, he can no longer seek for rescission of the contract.

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The rule that no person is responsible for a fortuitous event applies even in an obligation to deliver a horse.

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When do laws take effect?

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When "A" promises to deliver to "B" any car, he has the obligation to preserve his car with due car.

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The diligence of a good father of the family is the fixed degree or standard of care required in circumstances.

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