Article 1306

Question 1

VALID CONTRACTS

Answer 1

•Are those that meet all the legal requirements and limitations for the type of agreement involved and are, therefore, legally binding and enforceable.

Question 2

FREEDOM TO CONTRACT

Answer 2

•The right to enter into contract is one of the liberties guaranteed to the individual by the Constitution.

Question 3

LIMITATIONS

Answer 3

• LAW - a fundamental requirement.

* POLICE POWER - when the law is silent, the will of the contracting parties prevail

Question 4

MUST NOT BE CONTRARY TO LAW

Answer 4

•Law is superior to contracts.

Question 5

MUST NOT BE CONTRARY TO MORALS

Answer 5

•Deals with norms of goods and right conduct evolved in the community.

Question 6

MUST NOT BE CONTRARY TO GOOD CUSTOMS

Answer 6

•Habits and practices which through long usage have been followed.

Question 7

MUST NOT BE CONTRARY TO PUBLIC ORDER

Answer 7

•Refers principally to public safety and public wealth.

Question 8

MUST NOT BE CONTRARY TO PUBLIC POLICY

Answer 8

•May refer not only to public safety but also to considerations which are moved by the common good.