Engineering Board Exam Reviewer · ECE · easy
Under Article 1318, the essential requisites of a contract are:
- Signature, notarization and witnesses
- Consent of the parties, an object certain, and a cause of the obligation
- Price, delivery and receipt
- Offer, counter-offer and payment
Answer
B. Consent of the parties, an object certain, and a cause of the obligation
Solution
All three must concur for a valid contract.
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