1347 – 1349) Object of a Contract is its subject matter. (Art. 1318)
Kinds of Object of Contracts:
• Things (as in Sale) • Rights (as in assignment of credit) • Services (as in Agency) If Object of Contract is a Thing Requisites:
1. It must be within the commerce of men. (Art.
1347) 2. It must not be impossible, physically and legally. (Art. 1348) 3. It must be determinate or determinable. (Arts. 1349, 1460, par. 2) 4. It must be in existence or capable of coming into existence. (Arts. 1461, 1493, 1495) If Object of Contract is a Service Requisites:
1. It must be within the commerce of men.
(Art. 1347) 2. It must not be impossible, physically and legally. (Art. 1348) 3. It must be determinate or determinable. (Arts. 1349, 1460, par. 2) If Object of Contract is a Right
General Rule:
All rights may be the object of contract except
when they are intransmissible in nature, or by stipulation, or by provision of law. Contracts on Future Inheritance
Future Inheritance is any property or right, not in existence or capable of
determination at the time of the contract, that a person may inherit in the future. 💡 General Rule: Contracts concerning Future Inheritance is void, unless expressly authorized by law which are: 1. In case of marriage settlements, future inheritance may be the object of donation. (Art. 84, Family Code) 2. In case of partition of property by act inter vivos by a person to take upon his death. (Art. 1080) Kinds of Impossibility (Art. 1349)
1. Physical – an object in its very
nature is inexistent. a.) Absolute – an act that cannot be done. b.) Relative – arises from circumstances of the case or qualifications of the obligor. 2. Legal – when an object becomes illegal. Art. 1349. The object of every contract must be determinate as to its kind. The fact that the quantity is not determinate shall not be an obstacle to the existence of the contract, provided it is possible to determine the same, without the need of a new contract between the parties.