Mary Joyce C.

Mondejar Group 2 AC 2103

Contribution Article that Requirements Effect of Failure to

governs comply
a. Juridical b. Liability
Personality to 3rd
persons
Less than 3,000 Article 1358 Contract must It still has It does not
appear in writing, juridical affect
even a private personality. liability to 3rd
one persons.
3,000 or more Article 1772 Public Instrument It still has It does not
and Recorded in juridical affect
the Office of the personality. liability to 3rd
Securities and persons.
Exchange
Commission
Immovable Article 1771, Public Instrument The contract It affects
property Article 1773 and Inventory of is void; no liability to 3rd
the property juridical persons; It
contributed, personality. cannot
signed by the prejudice
parties & attached third
to the public persons.
instrument