Page 214 - Important Provisions of The New Civil Code

DONATION

Article 725. Donation is an act of liberality

whereby a person disposes gratuitously of a

thing or right in favor of another, who accepts

it. (618a)

Article 726. When a person gives to another a

thing or right on account of the latter's merits

or of the services rendered by him to the donor,

provided they do not constitute a demandable

debt, or when the gift imposes upon the donee

a burden which is less than the value of the

thing given, there is also a donation. (619)

Article 728. Donations which are to take effect

upon the death of the donor partake of the

nature of testamentary provisions, and shall be

governed by the rules established in the Title on

Succession. (620)