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Chapter 2 LAW ON OBLIGATIONS AND CONTRACTS
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law in obligations and contracts (law20013)
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Chapter 2 LAW ON OBLIGATIONS AND CONTRACTS
Course: law in obligations and contracts (law20013)
73 Documents
Students shared 73 documents in this course
University: Polytechnic University of the Philippines
Was this document helpful?
ARTICLE 1318
There is no contract unless the following requisites
concur: (1) consent, (2) Object, (3) Cause
What are Essential Elements?
A contract cannot exist without these, and they are also
known as requisites of a contract.
What are the subdivisions of
Essential Elements? Common and Special Elements
What are Natural Elements?
Those are presumed to exist in contracts unless the
contrary is expressly stipulated by the parties.
Accidental Elements means?
Particular stipulations, clauses, terms, or conditions
established by the parties in their cotract.
ARTICLE 1319
Consent is manifested by the meeting of the offer and
the acceptance upon the thing and the cause which are
to constitute the contract.
Acceptance made by letter or
telegram does not bind the offerer
except from time it came to his
knowledge. The contract, in such a
case, is presumed to have been
entered into the place where the
offer was made. ARTICLE 1319 Second Paragraph
What is consent?
The conformity or concurrence of wills (offer and
acceptance) and with the respect to contracts, it is the
agreement fof the will of one contracting party with that
of another upon the object and terms of the contract
Offer is a proposal made by one party (offerer) to
another (offeree), indicating a willingness to enter to a
Chapter 2: Essential Requisites of Contracts
General Provisions to Section 1 - Consent
