MidTerm Summary Flashcards
– those derived from the nature of the contract and ordinarily accompany the same.
Natural
Those which lack individuality and are not regulated by special provisions of law. It is regulated by the stipulations of the parties by the general provisions of the CC on obligations & contracts, by the rules governing the most analogous nominate contracts & by the customs of the place.
Innominate Contracts
CHARACTERISTICS OF CONTRACTS: (ROMA)
- Relativity (Art 1311)
- Obligatoriness & Consensuality (Art 1315)
- Mutuality (Art 1308)
- Autonomy (Art 1306)
– obligations to give
Real Obligations
– fulfillment of the condition depends partly upon chance and/or the will of a third person
Mixed
– arises whenever a person unduly delivers a thing through mistake to another who has no right to demand it.
Solutio Indebiti (Payment not due)
– two parties reciprocally bound (e.g. purchase & sale)
Bilateral Obligations
̶ is a meeting of minds between two persons whereby one binds himself, with respect to the other, to give something or to render some service.
CONTRACT
_________ those which have their own distinctive individuality and are regulated by special provisions of law. (i.e. sale, lease, etc.)
Nominate Contracts
____________ is the damage suffered by 1 party who does not receive the adequate equivalent for what he gives in a commutative contract, like a sale. It is an economic injury by inadequacy of price.
Lesion
I do that you give
Facio ut des
– the day/time of day certain is unknown
indefinite
Those where one of the parties is incapable of giving consent to a contract;
VOIDABLE or ANNULLABLE CONTRACTS
– stipulated by parties
conventional
________________ considers the public peace & order and safety & health of the community.
Public Order
__________ cleanses the contract of its defects.
Ratification
– One to which an accessory undertaking is attached for the purpose of insuring its performance by virtue of which the obligor is bound to pay a stipulated indemnity or perform a stipulated prestation in case of breach.
OBLIGATION WITH PENAL CLAUSE
obligor or debtor
Passive subject
– date/time is known beforehand
definite
a contract where consent to it is given in a state of drunkenness or under hypnotic spell
VOIDABLE or ANNULLABLE CONTRACTS
Those where the consent is vitiated by mistake, violence, intimidation, undue influence or fraud.
VOIDABLE or ANNULLABLE CONTRACTS
➢Are those agreed upon by the parties to a contract, to be paid in case of breach thereof.
.
LIQUIDATED DAMAGES
all things, which are not outside the commerce of men, including future things, may also be the objects of contracts. No contract may be entered into upon future inheritance except in cases expressly authorized by law.
OBJECT OF CONTRACTS
– I give that you give
Do ut des