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  • Art. 1305. A Contract Is A Meeting of The Minds Between Two Persons Whereby One Binds Himself, With Respect To Theother To Give Something or To Render Some Service

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    A contract requires a meeting of the minds between two parties where one party binds themselves to provide something or render a service to the other party. A contract establishes and determines the obligations of the parties involved, while a perfect promise only assures that a contract may be celebrated in the future. For a contract to be valid, it requires at least two parties who reach an agreement, even if one or both parties consists of multiple individuals.

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    A contract requires a meeting of the minds between two parties where one party binds themselves to provide something or render a service to the other party. A contract establishes and determines the obligations of the parties involved, while a perfect promise only assures that a contract may be celebrated in the future. For a contract to be valid, it requires at least two parties who reach an agreement, even if one or both parties consists of multiple individuals.

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    11 tayangan1 halaman

    Art. 1305. A Contract Is A Meeting of The Minds Between Two Persons Whereby One Binds Himself, With Respect To Theother To Give Something or To Render Some Service

    Diunggah oleh

    ralf obordo
    A contract requires a meeting of the minds between two parties where one party binds themselves to provide something or render a service to the other party. A contract establishes and determines the obligations of the parties involved, while a perfect promise only assures that a contract may be celebrated in the future. For a contract to be valid, it requires at least two parties who reach an agreement, even if one or both parties consists of multiple individuals.

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    © All Rights Reserved
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    Art. 1305.

    A contract is a meeting of the minds between two persons whereby one binds
    himself, with respect to theother to give something or to render some service.
    * relate to Art. 1159 of CCCONTRACT - a juridical convention manifested in legal form, by
    virtue of which one or more persons bind themselves in favor of another or others, or
    reciprocally, to the fulfillment of a prestation to give, to do or not to do.* Other Terms:Perfect
    promise – distinguished from a contract, in that the latter establishes and determines the
    obligations arising therefrom;while the former tends only to assure and pave the way for the
    celebration of a contract in the future.Imperfect Promise – mere unaccepted offerPact – a special
    part of the contract, sometimes incidental and separable for the principal agreementStipulation –
    similar to a pact; when the contract is an instrument, it refers to the essential and dispositive part,
    as distinguishedfrom the exposition of the facts and antecedents upon which it is based.*
    Number of Parties:The Code states “two persons”; what is meant actually is “two parties”. For a
    contract to exist, there must be two parties. A partycan be one or more persons.* Husband &
    Wife: Husbands and wives cannot sell to each other as a protection of the conjugal partnership.
    They ca

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