Escolar Documentos
Profissional Documentos
Cultura Documentos
1. Unemancipated minors;
Except: Contracts for necessaries; Contracts by guardians or legal representatives; Contracts where the minor is estopped to urge minority through his own misrepresentation; Contracts of deposit with the Postal Savings Bank provided that the minor is over 7 years of age. 2. Insane or demented persons unless the contract was entered into during a lucid interval; 3. Deaf-mutes who do not know how to write.
Requisites:
1. The stipulation must be part, not whole of the contract; 2. the contracting parties must have clearly and deliberately conferred a favor upon a 3rd person; 3. the 3rd person must have communicate his acceptance; 4. neither of the contracting parties bears the legal representation of the 3rd party.
Effect of:
Absence of cause the contract confers no right and produces no legal effect does not render the contract void the contract is null and void the contract is void unless the parties can show that there is another cause which is true and lawful does not invalidate the contract unless: there is fraud, mistake or undue influence
The following may not acquire by purchase, even by public or judicial auction, in person of though the mediation of another: 1. the guardian, with respect to the property of his
ward;
Reformation of instruments:
Requisites:
1. Meeting of the minds to the contract; 2. The true intention is not expressed in the 3.
instrument by reason of mistake, accident, relative simulation, fraud, inequitable conduct (MARFI). Clear and convincing proof of MARFI.
Cases when there can be no reformation: 1. Simple, unconditional donations inter vivos; 2. Wills; 3. When the agreement is void. Classes of Defective Contracts: (RUVI) 1. Rescissible 2. Unenforceable 3. Voidable 4. Void or Inexistent
VOIDABLE
1. defect is caused by vice of consent 1.
RESCISSIBLE
defect is caused by injury/ damage either to one of the parties of to a 3rd person 2. cured by prescription 3. need not be ratified 4. binding unless rescinded
UNENFORCEABLE
1. defect is caused by lack of form, authority, or capacity of both parties 2. not cured by prescription 3. can be ratified 4. binding unless the defect is raised against enforcement.
1. Prescription
the action must be commenced within 4 years from: the time the incapacity ends; the time the violence, intimidation or undue influence ends; the time the mistake or fraud is discovered. 2. Ratification Requisites: a. there must be knowledge of the reason which renders the contract voidable; b. such reason must have ceased; c. the injured party must have executed an act which expressly or impliedly conveys an intention to waive his right. 3. By loss of the thing which is the object of the contract through fraud or fault of the person who is entitled to annul the contract.
5. 6.
5. transfer is made between father and son, where there are present some or any of the above circumstances; 6. failure of the vendee to take exclusive possession of the property; Distinctions:
Modes of Ratification:
1. For contracts infringing the Statute of Frauds: expressly impliedly - by failure to object to the presentation of oral evidence to prove the contract, or by the acceptance of benefits under the contract. 2. If both parties are incapacitated, ratification by their parents or guardians shall validate the contract retroactively. 5
VOIDABLE CONTRACTS