ART. 1315-1324

A contract which is perfected by mere consent.

• Solemn contract

• Consensual contract

• Real Contract

• Consent contract

What are the three (3) distinct stages that a contract undergoes?

• Formation

• Preparation

• Perfection

• Termination

It is the manifestation by the offeree of his assent to the terms of the offer.

The acceptance of an offer must not only be clear. It must be:

• Absolute

• Implied

• Acceptable

• Unconditional

It is a proposal made by one party (offerer) to another (offeree).

An offer made in jest or in anger, or while emotionally upset or in other ways indicating that the same was not seriously intended is a valid offer.

• True

• False

• Maybe

It is the conformity of wills and with respect to contracts; it is the agreement of the will of one contracting party with that of another or others, upon the object and terms of the contract.

These elements are those without which no contract can validly exist. They are also known as requisites of a contract.

• Essential elements

• Common elements

• Natural elements

• Accidental elements

These elements are those that are presumed to exist in certain contracts unless the contrary is expressly stipulated by the parties, like warranty against eviction or warranty against hidden defects in sale.

As a general rule, a person is not bound by the contract of another of which he has no knowledge or to which he has not given his consent.

• True

• False