Article 1312-1317

Question 1

THIRD PERSONS BOUND BY REAL RIGHT

Answer 1

•Third persons who come into possession of the object of a contract over which there is a real right are bound thereby even if they were not parties to the contract.

Question 2

RIGHT OF THE CREDITOR TO IMPUGN CONTRACTS INTENDED TO DEFRAUD THEM

Answer 2

•Contracts take effect only between the parties. The creditor is given the right to impugn the contracts of his debtor to defraud him.

Question 3

INDUCEMENT BY THIRD PERSON

Answer 3

•When a stranger to a contract can be sued for damages for his unwarranted interference with the contract.

Question 4

CLASSIFICATION OF CONTRACTS ACCORDING TO PERFECTION

Answer 4

Consensual Contract - perfected by mere contract.

Real Contract - is perfected by the delivery of the thing subject matter of the contract.

Solemn Contract - requires compliance with certain formalities prescribed by law

Question 5

STAGES IN THE LIFE OF A CONTRACT

Answer 5

• Preparation or Negotiation
• Perfection or Birth
• Communication or Termination

Question 6

CONSENSUAL CONTRACTS PERFECTED

Answer 6

• By mere consent.
• Obligatory in whatever form they may have been entered into provided all the essential requisites for their validity are present.

Question 7

REAL CONTRACTS PERFECTED

Answer 7

•Perfected by the delivery, actual or constructive, of the object of the obligation.

Question 8

SOLEMN CONTRACTS PERFECTED

Answer 8

•To be perfected, law requires it to be in some kind of form to be valid. (public instrument)

Question 9

EFFECT OF PERFECTION OF THE CONTRACT

Answer 9

Parties are bound not only-
•to the fulfillment of what has been expressly stipulated
•to all the consequences which according to their nature, may be in keeping with good faith, usage and law.

Question 10

WHEN A PERSON IS BOUND BY THE CONTRACT OF ANOTHER

Answer 10

• Person entering must be duly authorized

* Must act within his power