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LAW OF OBLIGATION AND CONTRACTS (PHILIPPINES for ACCTG.) 1. Explain inyourownunderstandingthe definitionofacontract. 2. Explain inyourownunderstandingtheprinciple offreedominmakingacontract. 3. Give thecomplete ruleastohowcontracts are perfected andbecomes obligatory. 4.

LAW OF OBLIGATION AND CONTRACTS (PHILIPPINES for ACCTG.)

1. Explain inyourownunderstandingthe definitionofacontract.

2. Explain inyourownunderstandingthe"principle offreedom"inmakingacontract.

3. Give thecomplete ruleastohowcontracts are perfected andbecomes obligatory.

4. Describeeachfive(5)personsthatcouldbeinvolvedinacontract.

PS: Avoid "copy paste"inanswering.GiveyouranswersbasedonyourOWN understandingandUSESIMPLE ENGLISH WORDS

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