Page 293 - Important Provisions of The New Civil Code

Article 1181. In conditional obligations, the

acquisition of rights, as well as the

extinguishment or loss of those already

acquired, shall depend upon the happening of

the event which constitutes the condition.

(1114)

Article 1182. When the fulfillment of the

condition depends upon the sole will of the

debtor, the conditional obligation shall be void.

If it depends upon chance or upon the will of a

third person, the obligation shall take effect in

conformity with the provisions of this Code.

(1115)