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Questions and Answers
According to the Civil Code, how is a contract defined?
According to the Civil Code, how is a contract defined?
- A financial agreement between two or more parties
- A verbal agreement between multiple parties
- An agreement that leads to the transfer of property
- An agreement between two or more persons creating, varying, or extinguishing an obligation of a proprietary nature (correct)
What is the minimum number of persons required to form a contract?
What is the minimum number of persons required to form a contract?
- One
- Three
- Depends on the type of contract
- Two (correct)
Which term best represents the legal principle of mutual consent in a contract?
Which term best represents the legal principle of mutual consent in a contract?
- Contractual Consent Rule
- Intentio Obligandi (correct)
- Proprietary Obligation
- Agreement of Minds
In which type of contract can an exception be made regarding the principle of not concluding a contract with oneself?
In which type of contract can an exception be made regarding the principle of not concluding a contract with oneself?
What is the basis of classifying contractual obligation and legal obligation?
What is the basis of classifying contractual obligation and legal obligation?
Which type of obligation involves showing due diligence without the expectation of achieving a specific result?
Which type of obligation involves showing due diligence without the expectation of achieving a specific result?
What is an example of a pure legal obligation?
What is an example of a pure legal obligation?
Under what circumstance does an extra (non-contractual) obligation arise?
Under what circumstance does an extra (non-contractual) obligation arise?
What type of obligation involves a determined result expected from the person under such obligation?
What type of obligation involves a determined result expected from the person under such obligation?
What creates a relationship between the contracting parties and prohibits them from creating obligations on third parties that may not be beneficial?
What creates a relationship between the contracting parties and prohibits them from creating obligations on third parties that may not be beneficial?
Flashcards
Contract Definition
Contract Definition
An agreement between two or more individuals that creates, changes, or ends a legal responsibility regarding property.
Minimum Parties for a Contract
Minimum Parties for a Contract
Two individuals are needed for a legally valid agreement.
Intentio Obligandi
Intentio Obligandi
The mutual intention of the parties to be bound legally by their agreement.
Contract of Agency Exception
Contract of Agency Exception
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Obligation Classification Basis
Obligation Classification Basis
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Obligation of Diligence
Obligation of Diligence
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Pure Legal Obligation
Pure Legal Obligation
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Extra (Non-Contractual) Obligation
Extra (Non-Contractual) Obligation
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Obligation of Result
Obligation of Result
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Law of Agency: Binding Parties
Law of Agency: Binding Parties
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Study Notes
Contract Definition and Formation
- A contract is defined by the Civil Code.
- A minimum of two persons are required to form a contract.
Mutual Consent Principle
- The term that best represents the legal principle of mutual consent in a contract is "consent".
Exceptions to Contract Principles
- An exception to the principle of not concluding a contract with oneself can be made in the case of a unilateral contract.
Classification of Obligations
- Contractual obligations and legal obligations are classified based on the basis of their origin.
Types of Obligations
- Obligations of means involve showing due diligence without the expectation of achieving a specific result.
- Example of a pure legal obligation: obligation to pay taxes.
- Obligations of result involve a determined result expected from the person under such obligation.
Extra-Contractual Obligations
- An extra (non-contractual) obligation arises in cases of liability for damages or injuries caused to others.
Relationship Between Contracting Parties
- A contractual relationship creates a relationship between the contracting parties and prohibits them from creating obligations on third parties that may not be beneficial.
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