Autonomy of contract - freedom to stipulate

- pedeng gawin ang lahat ng pagusapan niyo basta hindi contrary sa law, customs or etc

Mutuality of contract- kailangan mutual tayo kailangan parehas tayo

- equal footing

- penalty both creditor and debtor

Contract binds

- parties

-heirs

-assignee

- pour autrui- stipulation of the third party

-real right

Incapable person

-Minor - guardian manage propery , ward- administrator

-deaf/mute

-insane

-Imbecile person

-state of drunkeness

- person under hypnotic spell

If there is a mistake, intimidation, undue influence, fraud the contract is voidable

3 kinds of mistake that could vitiate consent

1. Mistake as to the substance of the thing

2. Mistakes as a qualification of the contracting parties

3. Mistakes as to the quality or quantity of the thing