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LAW OF OBLIGATION AND CONTRACTS (PHILIPPINES for ACCTG.) (ART. 1305 ONWARDS) 1. Explain inyourownunderstandingthe definitionofacontract. 2. Explain inyourownunderstandingtheprinciple offreedominmakingacontract. 3. Give thecomplete ruleastohowcontracts are perfected

LAW OF OBLIGATION AND CONTRACTS (PHILIPPINES for ACCTG.)

(ART. 1305 ONWARDS)

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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