Chapter 4 Flashcards
1
Q
Preparatory Contracts
A
It is needed for the formation of a subsequent contract. (Ex: agency, partnership)
2
Q
Aleatory
A
It depends on an uncertain event or contingency both as to benefit or loss.
3
Q
Commutative
A
When the undertaking or the promise to give, to do, or not to do is equal to the value of the other. (Ex: Sale)
4
Q
Formal or solemn
A
Consent, object, cause (COC) + formalities by law
