Laws

A type of compensation that takes place when two obligations are of the different amounts and a balance remains unextinguished after the compensation.

A type of compensation that takes place when the obligations are of the same amount and compensation extinguishes the obligations entirely.

A novation where the principal conditions of the obligation is change

A obliged himself to deliver to B a car. Subsequently, they entered into another contract whereby instead of A delivering a car. A would deliver a truck. This illustrates

A novation where another person is sustained in place of the debtor or he is subrogated to the rights of the creditor

A novation where there is a change in the person of the parties and the objects or modification of principal condition

It is the meeting of minds between two persons whereby one binds himself with respect to the other to give something or to render some service

The ff are considered to be the essential elements of contracts except:

An element of contracts which refers to those the existence of which is presumed by law unless there is an agreement to the contrary

Refers to an element of contracts that consist of the unusual stipulation of the parties such as conditions, terms, etc

A stage of contract that includes all the initial stages up to the time the parties agree upon the terms of contract

A stage of a contract that refers to the time when the minds of the parties meet in agreement upon the object or subject matter as well as to the price or consideration

Juan agrees to receive P2,000 for his horse and Pedro agrees to take the horse for that amount. This refers to what stage of the contract

Juan delivers the horse to Pedro and the same is accepted. Pedro gives the amount P2,000 as purchase price and the latter receives it. This example is what stage of contract

A contract wherein the intent of the parties is shown by words, oral, or written

A contract wherein the intent of the parties is shown by conduct

A contract that has already been performed

A contract that has not yet performed

A contract that is perfected by mere consent, such as a contract of sale

A contract that is perfected by delivery of the thing which is the object of the contract