1. Introduction to Obligations -- 2. General Provisions -- 3. Nature and Effects of Obligations -- 4. Different Kinds of Obligations -- 5 . Extinguishment of Obligations -- 6. Introduction to contracts -- 7. General Provisions -- 8. Essential Requisites of contracts -- 9. Form of Contracts -- 10. Reformation of Instruments -- 11. Interpretation of contracts -- 12. Rescissible Contracts -- 13. Voidable Contracts -- 14. Void Contracts -- 15. Natural Obligations.

The presentation and the coverage of the book will definitely not overwhelm the studente for the authors have strived to do away with much of the intricate legal phraseology by breaking it into manageable parts without sacrifice to focus and content. It is neither too short to make it a mere codal presentation of the subject. Emphasis is given to topics usually covered in the CPA board exams. Hence, the CPA candidate will be well guided as to which topics he needs to improve on. Numerous illustrations are introduced for maximum comprehension. Exercises are also provided at the end of every significant topic.