Law of Obligations

The law of obligations is a branch of private law and is a discipline in which legal relations between equals, called debt relations, are examined. The law of obligations is a branch of private law and is a discipline in which legal relations between equals, called debt relations, are examined. The Code of Obligations is the source of the law of obligations in private law and is a law regulating the debt relations that fall within the field of the law of obligations. When the concept of debt relationship is defined in terms of private law, it is a legal bond that occurs between two parties called creditor and debtor, where the debtor is obliged to perform a certain behavior (performance) against the creditor, and the creditor can request the fulfillment of this behavior from the debtor (demand performance).