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Quiros vs. Arjona, 2004 G.R. No. 158901 - Case Problem
Quiros vs. Arjona, 2004 G.R. No. 158901 - Case Problem
1. Distinguish the requisites of a valid contract (5%) from the requisites to prosper an action
for reformation. (5%)
ANSWER:
1. According to the New Civil Code of the Philippines, the requisites of a valid contract
from an action for reformation are the following:
REQUISITES OF A VALID CONTRACT REQUISITES TO PROSPER AN
(Article 1318, NCC) ACTION FOR REFORMATION
(Article 1359, NCC)
There is no contract unless the following (1) there must have been a meeting of the
requisites concur: minds of the parties to the contract;
(1) Consent of the contracting parties; (2) the instrument does not express the true
(2) Object certain which is the subject matter intention of the parties; and
of the contract; (3) the failure of the instrument to express the
(3) Cause of the obligation which is true intention of the parties is due to mistake,
established. (1261) fraud, inequitable conduct or accident.
TAGS: Obligations and Contracts, Agreement, Amicable Settlement, Reformation.