Title XV – Guaranty (Book IV, Civil Code)
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Title XV – Guaranty (Book IV, Civil Code)

TITLE XV GUARANTY CHAPTER 1 Nature and Extent of Guaranty Article 2047. By guaranty a person, called the guarantor, binds himself to the creditor to fulfill the obligation of the principal debtor in case the latter should fail to do so. If a person binds himself solidarily with the principal debtor, the provisions of Section…

Title XIV – Compromises and Arbitrations (Book IV, Civil Code)
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Title XIV – Compromises and Arbitrations (Book IV, Civil Code)

TITLE XIV COMPROMISES AND ARBITRATIONS CHAPTER 1 Compromises Article 2028. A compromise is a contract whereby the parties, by making reciprocal concessions, avoid a litigation or put an end to one already commenced. (1809a) Article 2029. The court shall endeavor to persuade the litigants in a civil case to agree upon some fair compromise. (n)…

Title XIII – Aleatory Contracts (Book IV, Civil Code)
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Title XIII – Aleatory Contracts (Book IV, Civil Code)

TITLE XIII ALEATORY CONTRACTS General Provision Article 2010. By an aleatory contract, one of the parties or both reciprocally bind themselves to give or to do something in consideration of what the other shall give or do upon the happening of an event which is uncertain, or which is to occur at an indeterminate time….

Title XII – Deposit (Book IV, Civil Code)
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Title XII – Deposit (Book IV, Civil Code)

TITLE XII DEPOSIT CHAPTER 1 Deposit in General and its Different Kinds Article 1962. A deposit is constituted from the moment a person receives a thing belonging to another, with the obligation of safely keeping it and of returning the same. If the safekeeping of the thing delivered is not the principal purpose of the…

Title IX – Partnership (Book IV, Civil Code)
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Title IX – Partnership (Book IV, Civil Code)

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 VII – Barter or Exchange (Book IV, Civil Code)
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Title VII – Barter or Exchange (Book IV, Civil Code)

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…