Civil Code Art. 1324: Essential Requisites of

Statute: Civil Code
Article: Art. 1324
Topic: Essential Requisites of Contracts
Book: BOOK IV Obligations and Contracts
Title: TITLE II CONTRACTS
Chapter: CHAPTER 2 Essential Requisites of Contracts
Year: 1949

The provision

When the offerer has allowed the offeree a certain period to accept, the offer may be withdrawn at any time before acceptance by communicating such withdrawal, except when the option is founded upon a consideration, as something paid or promised. (n)

Cases applying this article

Equatorial Realty Development v. Mayfair Theater G.R. No. 106063

Related provisions in this Chapter

Civil Code, Art. 1326 Essential Requisites of Contracts
Civil Code, Art. 1327 Essential Requisites of Contracts
Civil Code, Art. 1331 Essential Requisites of Contracts
Civil Code, Art. 1332 Essential Requisites of Contracts
Civil Code, Art. 1334 Essential Requisites of Contracts
Civil Code, Art. 1335 Essential Requisites of Contracts
Civil Code, Art. 1338 Essential Requisites of Contracts

Civil Code, Art. 1324 is found in CHAPTER 2 Essential Requisites of Contracts of TITLE II CONTRACTS of BOOK IV Obligations and Contracts of the Civil Code of the Philippines (Republic Act No. 386).

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