Civil Code II
Civil Code II
CONTRACTS
Article 1305. A contract is a meeting of
minds between two persons whereby one
binds himself, with respect to the other, to
give something or to render some service.
Article 1306. The contracting parties may
establish such stipulations, clauses, terms
and conditions as they may deem
convenient, provided they are not contrary to
law, morals, good customs, public order, or
public policy.
Article 1318. There is no contract unless the
following requisites concur:
SECTION 3
LIQUEDATED DAMAGES
Art. 2226. Liquidated damages are those agreed
upon by the parties to a contract, to be paid in case
of breach thereof.
END OF PRESENTATION.