The Law of Obligations is one of the component elements of the civil law system of law and encompasses contractual obligations, quasi-contractual obligations such as unjust enrichment and extra-contractual obligations. The Law of Obligations is one of the branches of the civil law which includes the Law of Property, the Law of Persons, the Law of the Family the Law of Successions, the Law of Hypothecs, the Law of Evidence, the Law of Prescription, the Law of Publication of Rights, and the Law of Private International Law.

The Law of Obligations seeks to organize and regulate the voluntary and semi-voluntary legal relations available between moral and natural persons under as (1) obligations under contracts, both innominate and nominate (for example: sales, gift, lease, carriage, mandate, association, deposit, loan, employment, insurance, gaming and arbitration), (2) in unjust enrichment, (3) management of the property of another, (4) the reception of the thing not due and (5) the various forms of extra-contractual responsibility between persons known as delicts and quasi-delicts.

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