What type of contracts are the ff;
1. Those which are absolutely simulated or fictitious
Inexistent
What type of contracts are the ff;
2. Those whose cause or object did not exist at the time of the transaction
Inexistent
Essential requisites of a contract
a. Consent of the contracting parties.
b. Object/ Subject certain which is the subject matter of the contract.
C. Cause of the obligation which must be established.
What type of contracts are the ff;
1. Both are incapable of giving consent
2. Only one is incapable of giving consent
Yes (Art.1414)
A without authority from B sold the car of B in his name. The contract is?
Unenforceable
A lease for more than one year is no longer covered by the statute of frauds if the lessee is already in the possession of the party, hence it need not be in writing.
True
Inapplicable because it is only a promise
1.
2. Void
3. Rescissible
4. Voidable
5. Voidable
Contract of guaranty
Consent, Object, Cause (COC)
Relativity of contracts
Contracts take effect only between the parties, their assigns and heirs, except where the rights and obligations are not transmissible:
a. by law,
b. by stipulation, or
c. by nature. (Art. 1311)
Note: With respect to the heir, he shall not be liable beyond the value of the property he received from the decedent. (Art. 1311)
The sale is not rescissible because the lesion is not more than one-fourth
Valid, because you are the one who is selling it. There is no guardian or other assigns involved
d. Damage is material to be voidable contract
a. Damage is absolutely material (?)
Mutuality of contracts