Professional Documents
Culture Documents
Cobobli Notes
Cobobli Notes
Cobobli Notes
● Negative EXTINGUISHMENT
Dacion en pago - a money debt. The party
- Already cancelled agreed that instead of money it will be a
- Possible that the reason for the property.
extinguishment is more than one. If extinguished by dacion en pago it can
also be extuinguished by change novation
1. Payment or performance because there is a change in the object.
-refer to delivery of money
Or performance of the obligor in
favor of the obligee
CONTRACTS
- Meeting of minds between two
person.
Characteristics of a contract - Necessary legal capacity (at least
● Obligatory force - right to enforce 18yrs old, not insane, not a
their respective rights as long deaf-mute who does not know how
meeting of binds are concerned to write) must express themselve
● Autonomy of contracts - freedom of - No vice of consent - dolo causante
parties to agree on any terms and (if dolo incidente = damages)
condition as long as the stipulation is Mistakes - refers to object or conditions
not contrary to law, morals, good which have principally moved one
customs, public order or policy.
● Mutuality of contracts - binding of Intimidation - reasonable and well grounded
both parties to the terms and fear of an imminent and grave peril
condition. Parties are equally bound
to the respective term and condition Undue influence - improper advantage of
of the agreement power over the will of another.
● Relativity of contracts - binds only
both parties, cannot favor third party. Violence - serious or irresistible force
Limited only to both parties. Unless (physical)
parties agreed that there is a third ● OBJECT certain = subject matter of
party the contract (thing, right, or service)
-
Kinds of contracts ( in relation to other ● CAUSE (or consideration) of the
contracts) obligation which is established.
● Principal - can stand alone on the Reason why both parties gave
existence of other contracts consent.
● Accessory - Validity is dependent
upon another contract. (pledge or Simulated contracts
mortgage) - Parties do not intend to be bound at
● Preparatory - in relation of other all
contracts. To enter into further other 1. Absolute - Parties do not intend to
contracts. be bound at all, therefore void
2. Relative - partial simulation.
Generally, it is valid cause parties
Element of contracts gave consent despite that there is an
Is the contract valid? underlying reason.
To be perfectly valid
● CONSENT of the contracting
parties.
- Made or achieved from both parties
when somebody initiates it is called
an offer.
- When the offer is accepted then
there is a consent, but the
acceptance of the other party must
be absolute.