Contract Law: Elements, Stages, and Classifications

A contract is an agreement through meeting of the minds between two persons whereby one binds himself, with respect to the other, to give something or to render some ______.

The term ______ of law in the definition refers to the legal aspect of an agreement as a contract.

The term in ______ faith denotes fairness and honesty of intention in the performance of the contract.

A contract is one of the sources of ______.

The obligation that arises from contracts is called ______ obligation.

An agreement without the 'force of law' are not contracts but merely ______ or social agreements.

The force of law between the contracting parties compels them to perform under the threat of civil action or ______.

A contract undergoes three stages, the first being the Preparatory or ______ stage.

The stipulations, clauses, terms, and conditions are established by the contracting parties as they may deem convenient, provided they are not contrary to ______, morals, good customs, public order, or public policy.

In the Perfection or ______ stage, the parties arrive at a definite agreement.

The bind must involve both of the parties, so that the validity or compliance of a contract cannot be left to the will of only one of ______.

The ______ or death stage is the fulfillment of the respective obligations of the parties.

The effectivity is only between the parties, their assigns and ______, except in case where the rights and obligations arising from the contract are not transmissible by their nature, or by stipulation or by provision of ______.

The mere consent that perfected the contract should bound the parties to the fulfillment of what has been expressly stipulated, and all the consequences which, according to their nature, may be in keeping with good ______, usage and law.

A contract may be in the form of an ______ agreement, or those that are partly oral and partly written.

A single written agreement signed by both parties, wherein all its terms are in writing, is under the ______ Act of 2000.

Real contracts, such as deposit, pledge and commodatum, are not perfected until the delivery of the object of the ______.

A set of signed written agreements which are related and not contradictory is a form of ______ contract.

A valid contract is one with such stipulations, clauses, terms, and conditions that are not contrary to law, morals, good ______, public order, or public policy.

A rescissible contract is one with legal validity, but may be ______ or revoked in the cases established by law.

A voidable contract is one with legal validity but may be invalidated by a court action on the grounds of ______, violence, intimidation, undue influence, fraud, or incapacity of one of the parties to give consent.

If the intention of the parties cannot be known, the contract shall be ______ and void.

A contract may be rescinded or revoked under the grounds established by ______ law.

A contract may be invalid if it is contrary to ______, morals, good customs, public order, or public policy.

In incidental circumstances of a ______ contract, the interpretation should be made which would result in the least transmission of rights and interests.

In onerous contract, the interpretation should be in favor of the ______ reciprocity of interests.

A void contract is one with no validity at all because of certain defects, such as illegality; considered ______ from the very beginning and cannot be ratified according to law.

A ______ contract does not require any specific form as long as all the requisites or essential elements for its validity are present.

A ______ contract is one where one party is bound to fulfill an obligation for an act by another party.

A ______ contract has a specific name or designation in law; such as commodatum, lease, agency, and sale.