Law on Contracts: Object Art.

1347-1349
• Object of Contract
A. The thing, right or service which is the subject matter of the obligation arising from the contract
B. Requisites:
i. must be within the commerce of man (Art. 1347, CC)
ii. Should be real or possible (Art. 1348, CC)
iii. Should be licit (Art. 1347, CC)
iv. Should be determinate, or at least possible of determination as to its kind (Art. 1349, CC)
C. Quantity should be Determinate as to its Kind or
Species: The fact that the quantity is not determinate shall not be an obstacle to the existence of the
contract provided it is possible to determine the same, without the need of a new contract between the
parties (Art. 1349, CC)
D. Things which Cannot be the Object of the Contracts (Art. 1347-1349, CC)
General Rule: All things or services may be the object of contracts. This includes future things or rights
which do not belong to the obligor when the contract was made.
Exceptions:
1. Things outside the commerce of men (Art. 1347, CC)
2. Intransmissible rights
3. Future inheritance, except in cases expressly authorized by law : (a) in case of marriage settlements;
and (b) in case of partition of properties inter vivos by the deceased under Art. 1080 of the Civil Code
4. Services contrary to law, morals, good customs, public order or public policy
5. Impossible things or services
6. Objects not possible of determination as to their kind