OBLIGATIONS and CONTRACTS (Saturday 12nn-5pm)Atty. Judy A. Lardizabal

ASSIGNMENT No. 3CONTRACTS

I. Definition (Art. 1305)II. Elements (Art. 1261)A. Essential B. NaturalC. AccidentalIII. CharacteristicsA. Obligatory forceB. MutualityC. Relativity (1311)1. Stipulations pour atrui2. Possession by third person of the object of contract involving real rights3. Right of creditors of contracting parties4. Interference by third personD. FreedomIV. Classifications (According to)A. Subject matterB. NameC. PerfectionD. Relation to other contractsE. FormF. PurposeG. Nature of obligation producedH. CauseI. Risk V. Stages of ContractA. PreparationB. Perfection1. PolicitationC. ConsummationVI. Kinds of ContractsA. ConsensualB. RealC. Formal or solemn1. Donations (Arts. 748-749)2. Partnership where real property contributed (Arts. 1771, 1773)3. Antichresis (Art. 2134)4. Agency to sell real property or an interest therein (Art. 1874)5. Stipulation to charge interest (Art. 1956)6. Stipulation limiting common carriers duty of extraordinary diligence to ordinary diligence (Art. 1744)7. Chattel mortgage8. Sale of large cattle

VII. Consent (1319)A. RequisitesB. Offer C. AcceptanceD. Contract of OptionE. Legal Capacities of the partiesF. Vices of Consent1. Mistake (1331)a. Kinds of Mistake2. Violence (1335)3. Intimidation (1335)4. Undue Influence (1337)5. Fraud (1338)a. Kinds of Fraud

VII. Object (1347)A. RequisitesB. What may not be the object of contracts

VIII. Cause (1350)A. Cause vs. Object vs. MotiveB. Causes for Onerous, Remuneratory and Gratuitous ContractsC. Presumption of existence and lawfulnessD. Statement of false cause/ Inadequacy of causeG. Simulation of Contracts1. Kinds of Simulated Contract

IX. Formality (Arts. 1356, 1357, 1358)A. General rule Obligatory force regardless of form (1356)B. ExceptionsC. Remedy (1357)

X. Reformation of Instruments (1359)A. Reformation vs. AnnulmentB. RequisitesC. Cases where reformation is not allowedD. Who may ask for reformation

XI. Interpretation of ContractsA. Rules in interpretation of contracts