Arise from: Contracts Laws Quasi-contracts Quasi-delicts (Culpa Aquilania) Crime Prescription Business Law Pointers Obligations Modes of Extinguishment: Civil Damages (NoMCDoPaLoPreReFullAn) Moral Novation Loss of STDTFE Exemplary Merger « Prescription Nominal Compensation # Rescission Temperate/Moderate Donation Fulfillment Actual/Compensatory Payment Annulment Liquidated (Penalty) RESA Benefit of Period Quasi-contract or oral-6 years @ Resolutory (In diem)- Debtor loses this benefit when: Written or court - 10 years Extinguishes Insolvent Quasi-delict - 4 years Marriage ~ 5 years # Suspensive (Exdie)- Absconded Arises © Guaranty LostStatute of Frauds terms are not to be performed within a year from its making special promise to answer for the debt, default of miscarriage of another transactions made in consideration of marriage sale of personal property for a price not less than 500 pesos agreement for a lease longer than one year representations made to the credit of a third person Donation Movable Property 5,000 or less — oral with simultaneous delivery or in writing 5,001 or more - writing Immovable Property «Regardless of amount, public instrumentContracts ‘Aleatory Contract ~ depends upon chance Consent Auto-contract - one person binds himself Wanting ~ null and void Adhesion Contract ~ format has been made Vitiated — voidable alread Rescissible Voidable Unenforceable Void Rank (detective) 4 3 2 1 Defect Lesion Consent Without Effect _No ratification Remedy | Rescission Annulment Nothing Declaration Ratification No Yes Yes Depends 3° Person Yes No No Yes Defects of Consent Real Contracts Formal Contracts (VIMFU) COC + Delivery COG + Formality of Law « Vitiated consent Commodatum # Negotin Interest in Incapacity Loan Sete ot PP ex) Chat! Mortgage © Donation of . : mistaxe : ba Donation of RP # Contract to Sell Land « Antichresis + Sale of Conjugal Undue influence Interest on Loan Property