TITLE X AGENCY CHAPTER 1 Nature, Form and Kinds of Agency Article 1868. By the contract of agency a person binds himself to render some service or to do something in representation or on behalf of another, with the consent or authority of the latter. (1709a) Article 1869. Agency may be express, or implied from…
TITLE IX PARTNERSHIP CHAPTER 1 General Provisions Article 1767. By the contract of partnership two or more persons bind themselves to contribute money, property, or industry to a common fund, with the intention of dividing the profits among themselves. Two or more persons may also form a partnership for the exercise of a profession. (1665a)…
TITLE VIIILEASE CHAPTER 1 General Provisions ARTICLE 1642. The contract of lease may be of things, or of work and service. (1542) ARTICLE 1643. In the lease of things, one of the parties binds himself to give to another the enjoyment or use of a thing for a price certain, and for a period which…
TITLE VII BARTER OR EXCHANGE Article 1638. By the contract of barter or exchange one of the parties binds himself to give one thing in consideration of the other’s promise to give another thing. (1538a) Article 1639. If one of the contracting parties, having received the thing promised him in barter, should prove that it…
TITLE VI SALES CHAPTER 1 Nature and Form of the Contract Article 1458. By the contract of sale one of the contracting parties obligates himself to transfer the ownership and to deliver a determinate thing, and the other to pay therefor a price certain in money or its equivalent. A contract of sale may be…
TITLE V TRUSTS (n) CHAPTER 1 General Provisions Article 1440. A person who establishes a trust is called the trustor; one in whom confidence is reposed as regards property for the benefit of another person is known as the trustee; and the person for whose benefit the trust has been created is referred to as…
TITLE IV ESTOPPEL (n) Article 1431. Through estoppel an admission or representation is rendered conclusive upon the person making it, and cannot be denied or disproved as against the person relying thereon. Article 1432. The principles of estoppel are hereby adopted insofar as they are not in conflict with the provisions of this Code, the…
TITLE III NATURAL OBLIGATIONS Article 1423. Obligations are civil or natural. Civil obligations give a right of action to compel their performance. Natural obligations, not being based on positive law but on equity and natural law, do not grant a right of action to enforce their performance, but after voluntary fulfillment by the obligor, they…
TITLE II CONTRACTS CHAPTER 1 General Provisions Article 1305. A contract is a meeting of minds between two persons whereby one binds himself, with respect to the other, to give something or to render some service. (1254a) Article 1306. The contracting parties may establish such stipulations, clauses, terms and conditions as they may deem convenient,…
BOOK IV Obligations and Contracts TITLE I Obligations CHAPTER 1 General Provisions Article 1156. An obligation is a juridical necessity to give, to do or not to do. (n) Article 1157. Obligations arise from: (1) Law; (2) Contracts; (3) Quasi-contracts; (4) Acts or omissions punished by law; and (5) Quasi-delicts. (1089a) Article 1158. Obligations derived…