This document outlines the essential requisites for forming a valid contract according to Philippine law. There are three requisites: (1) consent between contracting parties, (2) a certain object that is the subject of the contract, and (3) a valid cause for the contractual obligation. Consent is demonstrated through an offer and acceptance that is certain and absolute, with qualified acceptances considered counter-offers instead. Acceptance of an offer can be express or implied, and must comply with any conditions on time, place or manner of acceptance specified by the offeror.
This document outlines the essential requisites for forming a valid contract according to Philippine law. There are three requisites: (1) consent between contracting parties, (2) a certain object that is the subject of the contract, and (3) a valid cause for the contractual obligation. Consent is demonstrated through an offer and acceptance that is certain and absolute, with qualified acceptances considered counter-offers instead. Acceptance of an offer can be express or implied, and must comply with any conditions on time, place or manner of acceptance specified by the offeror.
This document outlines the essential requisites for forming a valid contract according to Philippine law. There are three requisites: (1) consent between contracting parties, (2) a certain object that is the subject of the contract, and (3) a valid cause for the contractual obligation. Consent is demonstrated through an offer and acceptance that is certain and absolute, with qualified acceptances considered counter-offers instead. Acceptance of an offer can be express or implied, and must comply with any conditions on time, place or manner of acceptance specified by the offeror.
General Provisions Article 1318 There is no contract unless the following requisites concur: (1) Consent of the contracting parties; (2) Object certain which is the subject matter of the contract; (3) Cause of the obligation which is established. (1261) SECTION 1 CONSENT Article 1319 Consent is manifested by the meeting of the offer and the acceptance upon the thing and the cause which are to constitute the contract. The offer must be certain and the acceptance absolute. A qualified acceptance constitutes a counter-offer.
Acceptance made by letter or telegram does not bind the offerer
except from the time it came to his knowledge. The contract, in such a case, is presumed to have been entered into in the place where the offer was made. (1262a) Article 1320 An acceptance may be express or implied. (n) Article 1321 The person making the offer may fix the time, place, and manner of acceptance, all of which must be complied with. (n) Article 1322 An offer made through an agent is accepted from the time acceptance is communicated to him. (n)