Kinds of Contracts

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1.

Meeting of the minds between two persons whereby one binds himself with respect to the other, to
give something or to render some service

2. Essential elements of a contract [3]

3. Necessary as a preliminary step towards the celebration of another subsequent contract

4. subsist independently from the other contracts whose purpose can be fulfilled by themselves

5. exist only as a consequence of, or in relation with, another prior contract

6. perfected by mere agreement of the parties

7. require not only the consent of the parties for their perfection, but also the delivery of the object by
any one of the party

8. do not require some particular form

9. require some particular form

10. Kinds of contracts according to their purpose [3]

11. Kinds of Contracts according to their subject matter [2]

12. give rise to an obligation for only one of the parties

13. give rise to recciprocal obligations

14. each of the parties procure for himself a benefit through the giving of an equivalent or compensaton

15. One of the parties proposes to give the other a benefit without any equivalent or compensation

16. Each of the parties acquires an equivalent of his prestation and such equivalent is pecuniarily
appreciable ans already determined from the moment of the celebration of the contract

17. Each of the parties has to account the acquisition of an equivalent of the prestation, but such
equivalent, although pecuniarilu appreciable, isa not yet determined, at the moment of the celebration
of the contract, since it depends upon the happening of an uncertatin event, thus charging the parties
with the risk od loss or gain.

18. those which have their own individuality and are regulateds by special provisions of law

19. those which lack individuality and are not regulated by special provision by law

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