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Parties may stipulate anything but its not absolute (not contrary to)
GR: Cant enter into a contract in behalf of another (Unenforceable - can't go to court to
enforce it unless ratified)
(E):
1. authorized
2. right to represent by law (husband&wife)
Requisites:
1.Cause
2.Object
3.Consent
1324. Option contract. preparatory contract containing a certain period to accept may be
withdrawn anytime before acceptance by communicating such withdrawal, unless option
is founded upon a consideration as something paid or promised. (GR: separate and
distinct from the purchase price (E): if there is an agreement that it shall be part of
earnest money)
1330. consent thru Mistake, Violence, Intimidation, Undue Influence, Fraud = Voidable
1332. Unable to read.. must show terms have been fully explained
1338/1344. Fraud
1339. Failure to disclose facts when there is a duty to reveal them as when parties are
bound by confidential relations. - fraud
1340. Usual exaggerations in trade - not in themselves fraudulent
1341. Opinion - no fraud; Expert Opinion - fraud
1347. Objects
commerce of men
real or possible
licit
determinate
1350. Cause
1356. Form
GR: Obligatory in whatever form
(E): Law requires form in order to be Valid or Enforceable
Voidable
Valid til annuled
incapable of giving consent
1390. Mistake intimidation, undue influence fraud
state of drunkeness or hypnotic spell
Susceptible of Ratification
1396. cleanses contract from all defects
1396. retroacts to constitution of contract
1393. effected expressly or tacitly
1392. extinguished action annul contract (mutually exclusive)
1395. needs no conformity of other party who has no right to bring action of
commencement
May be assailed ONLY by a contracting party (obliged principally or subsideiarily)
(E) capacitated party as to incapacity of other party
Mutual restoration of object and cause
4 year prescription from time defect of consent ceases
Unenforceable
cannot be enforced by court action unless ratified (1403)
no authority or legal representation or beyond authority
didn't comply with Statute of Fraud (to evidence transaction of executory
contracts)
Both contracting parties incapable of giving consent to a contract
Susceptible of ratification
Assailed only by contracting parties
Void
No legal effects
one or some essential requisites of valid contract are lacking in fact or in law
not susceptible of ratification
may be assailed not only by contracting party but even 3rd person whose interest is
directly affected
Feb 4 , 2016
Cases:
liability based on contracts v quasi delicts etc.
when no law prohibits, then theres right to collect (casino chips, trust indentures,
etc.)(no prohibiting law=respect provisions)
gr: valid tender of payment when making consignation
(e) willing to pay but do not know whom to make the payment
legal compensation
debtor and creditor of each other
amount sum of money
legal compensation not prohibited by law
payment in behalf of a third person, however there was a case that person was paying
on his own behalf thus you can't point towards the original debtor for compensation thus
the bank was liable to return money due to unjust compensation.
novation requisites
Contracts
take note of "after thought acts" of parties..
manner of payment is important to consummate a contract of sale. but what are the
exceptions to this?
Requisites of Fraud (causal, serious, etc)
Distinguish:
Contract of Sale v Contract to Sell
Contract of Sale v Contract of Agency to Sell (in behalf of the principal, agent accounts
for proceeds of sale to principal
Contract of Sale v Barter (*if thing is more valuable than the money, then it is barter)
Sale v Lease
Sale v Dacion en Pago
Concepts/Principles
1. Policitation - unaccepted unilateral promise to buy or sell
2. Option Contract - for period only
3. Earnest Money
4. Right of First Refusal
5. Sale by Description
6. Sale by Sample (ex. sample to buy 100 doorknobs, should correspond to sample)
Art. 1475.
Kinds of Delivery
1. Actual/Real
2. Construtive
traditio symobolica
tradition long manu (merely points)
tradition brevi manu (already in possession)
traditio constitutum possesorum (ex. vedor as tenant of vendee)
Quasi-traditio
Double Sale
1. Personal
2. Real
Mirror Doctrine
one cannot close eyes to facts w/c should put a reasonable and prudent man
upon his guard, and then claim that he acted in gf under the belied that there was no
defect in the title of the vendor.
Warranty
Express
Implied(under the law)
Warranty against Eviction
Legal Redemption
Lease
Tacita Reconduccion (implied extension of lease)
Loan (Real contract - you need to deliver the thing to perfect the contract)
Commodatum - non consumable thing to be returned after a certain time
a. ordinary
b. precarium
Distinguish Commodatum (may demand return o thing even before date agreed upon in
case of urgent need)(loss suffered by bailor) v Mutuum (ownership is now on bailee but
he must still return value)
Art. 1944
Principles in Mutuum
Art. 1956
Art. 1959
Art. 2212 interest due shall earn legal interest from the time it is judicially
demanded (when you go to court)
*sa Tondo prevalent and Sangle-Tira scheme where the creditors live in the house as
long as the load is outstanding
April 7, 2016
Guaranty v Surety
G Principles
2048
2049
2050
2054
2055
2056. Qualifications
Excussion - 2058. right of the G to have properties of the debtor exhausted first before
the G can be made liable to the creditor
2060 conditions for the benefit of excision
Mere failure to demand doesn't mean extension of time referred to herein - 2079
Pledge
2093
2094
2095
2085
Requisites - 2085;2087
Obligations of Pledgee
2099
2100
2103
2104
2107
Obligations of Pledgor
2015
Foreclosure of Mortgage
Equity of Redemption
Requisites for a Valid Redemption
Antichresis
2132
2134
2134 --in relation ro--> 2136
2137
Antichresis(real)(consent) v Pledge(personal)(delivery)
Antichresis(delivered to creditor) v REM (debtor retains prop)
Chattel Mortgage
Quasi-Delicts
2184 0 motor vehicle mishap
2188 prima dace presumption of negli o defendant id feat or injury results from..
Damages
2205