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Handout No. 16: Policitacion - Imperfect Promise / Merely An Unaccepted Offer and Represents The
Handout No. 16: Policitacion - Imperfect Promise / Merely An Unaccepted Offer and Represents The
Handout No. 16: Policitacion - Imperfect Promise / Merely An Unaccepted Offer and Represents The
16
Cognition Theory – perfected from the moment the acceptance comes to the
knowledge of the offeror. (Art. 1319, par. 2)
III. Cause (causa/consideration) – essential reason which moves the contracting parties
to enter into the contract.
Requisites
1) Must be in existence;
2) Licit; and
3) True
Forms –
General Rule – contracts shall be obligatory provided all the essential elements for its
validity are present regardless of the form in which it was entered into.
A. Villegas