00:00Article 1163 of the Civil Code provides that the obligation has as its object a present or future performance, which must
00:05to be possible and determined or determinable.
00:08An obligation to do requires the debtor to perform an act.
00:11For example, a craftsman must carry out the agreed work.
00:14An obligation not to do something requires the debtor to refrain from a behavior.
00:18For example, a valid non-compete clause may prohibit a former employee from engaging in certain activities within the
00:24limits prescribed by law.
00:25In a sale, the obligation to deliver the goods constitutes a service.
00:29Whereas the transfer of ownership is a legal effect of the contract.
00:33According to Article 1583 of the Civil Code, the sale is in principle perfected as soon as there is agreement on the object and
00:38the price, even if delivery and payment have not yet taken place.
