1. Formal or solemn contracts require certain legal formalities to be valid, such as being in writing or through a public document. These include contracts of marriage, donations over a certain value, antichresis agreements specifying interest, and the sale of land by an agent.
2. For a contract to be valid and enforceable, it must meet all essential requirements, including legal formalities for formal contracts. Exceptions include negotiable instruments, which must strictly follow the form of the Negotiable Instruments Law.
3. A valid agreement is a written contract of sale of land where the agent has oral authority to sell, as the authority just needs to be in writing for the contract of sale to be valid
1. Formal or solemn contracts require certain legal formalities to be valid, such as being in writing or through a public document. These include contracts of marriage, donations over a certain value, antichresis agreements specifying interest, and the sale of land by an agent.
2. For a contract to be valid and enforceable, it must meet all essential requirements, including legal formalities for formal contracts. Exceptions include negotiable instruments, which must strictly follow the form of the Negotiable Instruments Law.
3. A valid agreement is a written contract of sale of land where the agent has oral authority to sell, as the authority just needs to be in writing for the contract of sale to be valid
1. Formal or solemn contracts require certain legal formalities to be valid, such as being in writing or through a public document. These include contracts of marriage, donations over a certain value, antichresis agreements specifying interest, and the sale of land by an agent.
2. For a contract to be valid and enforceable, it must meet all essential requirements, including legal formalities for formal contracts. Exceptions include negotiable instruments, which must strictly follow the form of the Negotiable Instruments Law.
3. A valid agreement is a written contract of sale of land where the agent has oral authority to sell, as the authority just needs to be in writing for the contract of sale to be valid
1. Formal or solemn contracts require certain legal formalities to be valid, such as being in writing or through a public document. These include contracts of marriage, donations over a certain value, antichresis agreements specifying interest, and the sale of land by an agent.
2. For a contract to be valid and enforceable, it must meet all essential requirements, including legal formalities for formal contracts. Exceptions include negotiable instruments, which must strictly follow the form of the Negotiable Instruments Law.
3. A valid agreement is a written contract of sale of land where the agent has oral authority to sell, as the authority just needs to be in writing for the contract of sale to be valid
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1. What is the nature of-contract to constitute a pledge, a deposit, a loan or a commodatum? a.
Real contract b. Consensual contract c. Formal contract
2. Formal or solemn contracts are perfected by
a. Delivery of the object of a contract. b. Execution of formalities required by law. c. Mere consent by contracting parties. d. Provisions of the law.
3. As a general rule, contracts shall be obligatory, in whatever form they may have been entered into, provided all the essential requisites for their validity are present. However, when the law requires that a contract be in some form in order that it may be valid or enforceable, or that a contract be proved in a certain way, the requirement is absolute and indispensable. The following contracts are required to be in certain form to be valid also known as formal contracts or solemn contracts, except a. Negotiable instruments must be made strictly in the form provided by the Negotiable Instruments Law to be considered negotiable. b. Contract of marriage requires the contracting parties to be man and woman, both at least 18 years old, with marriage license, and personal appearance before solemnizing officer with authority to solemnize marriage. c. Donations of personal property in excess of P5,000 must be made and accepted in writing to be valid. d. Donations of real property must be made and accepted in public instruments to be valid. e. The antichretic agreement including the principal and interest of the contract of loan must be specified in writing to be valid for the contract of antichresis to be valid. f. The agreement to pay interest in a contract of loan must be in writing to be valid. g. Registration of chattel mortgage is necessary for its validity. h. A contract of partnership to which real property or real rights are contributed must be in a public instrument, with an inventory of real attached there, to be valid. i. Sale of a piece of land by the agent in the name of the principal, the authority of the agent to sell the land must be in writing for such contract of sale to valid. j. Sale of community/conjugal property by one of the spouses, there must be authority given by the other spouse to the selling spouse. k. The lease of personal property for a period longer than one year should be in writing to be valid.
4. Which of the following is a valid agreement or stipulation?
a. Oral agreement to pay 2% per month interest based on the principal amount of the loan b. Oral contract of antichresis c. Written contract of sale of a piece of land by an agent in the name of the principal wherein the agent has oral authority to sell the land d. Oral contract of partnership wherein the delivery of money will be done after 5 years. 5. The following must appear in a public document in order to insure its efficacy or for mere convenience but not for its validity, except a. Acts or contracts which have for their object the creation, transmission, modification or extinguishment or real rights over immovable property. b. The cession, repudiation or renunciation of hereditary rights or of those of the conjugal partnership of gains. c. The power to administer property, or any other power which has for its object an act appearing or which should appear in a public document, or should prejudice a third person d. The cession of actions or rights proceeding from an act appearing in a public document e. Contract of lease of movable property
