The document describes three kinds of contracts: 1) Consensual contracts which are formed by consent alone, such as contracts for sale or agency. 2) Real contracts which require delivery of the subject matter in addition to agreement, like contracts for complex or deposit. 3) Unilateral contracts which obligate performance by only one party, such as contracts for insurance.
The document describes three kinds of contracts: 1) Consensual contracts which are formed by consent alone, such as contracts for sale or agency. 2) Real contracts which require delivery of the subject matter in addition to agreement, like contracts for complex or deposit. 3) Unilateral contracts which obligate performance by only one party, such as contracts for insurance.
The document describes three kinds of contracts: 1) Consensual contracts which are formed by consent alone, such as contracts for sale or agency. 2) Real contracts which require delivery of the subject matter in addition to agreement, like contracts for complex or deposit. 3) Unilateral contracts which obligate performance by only one party, such as contracts for insurance.
1. Consensual Contract - a contract that is perfected by mere
consent or by the mere meeting of the minds between the contracting parties.
Example: Contract of sale, contract of agency
2. Real Contract - it is perfected from the moment that there is
a delivery of the subject matter. It is not necessary that there is only a meeting of the mind, in a real contract, there must be the delivery of the intended subject matter in order to have a perfected real contract.
Example: Contract complex, contract of deposit, contract of
commodatum
3. Unilateral Contract - a contract whereby there is only one
party who will be required to perform the obligation.