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1. Differentiate obligations from contracts. Give at least two examples for each. 2. Enumerate and explain how obligations are extinguished. 3. Is a contract entered into by a 25 years old man suffering from schizophrenia valid?Why? 4. Is a stipulation in a contract stating that one party can extinguish a contract when the other party becomes gay valid? Why? 5. Where can contracts be handy and useful in the tourism and hospitality industry? Explain and give a situation illustrating your answer. 6. What is the importance of obligations and contracts in your field of specialization? Cite an article as an example of your answer. You must indicate the title, name of the author, date published and where you retrieved the article.
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