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Last updated 3:55 PM on 1/5/26
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10 Terms

1
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Contract

An agreement between two or more parties to establish, regulate, or extinguish a legal relationship having patrimonial content.

2
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Essential Requirements of a Contract

The key components needed for a valid contract, including agreement, causa, subject-matter, and form.

3
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Effects of Contract

Contracts regulate economic life by establishing rights and obligations for the parties, having the force of law between them.

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Good Faith

The principle that mandates parties must act fairly and disclose reasons for invalidity in a contract; violation can lead to liability for damages.

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Contractual Autonomy

The freedom of parties to determine the content of their contract within legal limits, subject to certain protections imposed by law.

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Typical Contracts

Contracts for which specific regulations are provided by law.

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Atypical Contracts

New types of contracts not specifically regulated by law, following general rules for contracts.

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Binding Force of a Contract

The principle that a person can dispose of their interests at will, within limits set by legal systems.

9
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Negotiorum gestio

The management of another's affairs without their consent, which must be completed and cannot involve forcing economic advantage on another without consent.

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Plurality of Parties and Interests

The presence of multiple parties in a contract, each with potentially conflicting interests, necessitating protection for all parties.