Page 329 - Important Provisions of The New Civil Code

Article 1308. The contract must bind both

contracting parties; its validity or compliance

cannot be left to the will of one of them. (1256a)

Article 1311. Contracts take effect only

between the parties, their assigns and heirs,

except in case where the rights and obligations

arising from the contract are not transmissible

by their nature, or by stipulation or by provision

of law. The heir is not liable beyond the value of

the property he received from the decedent.

If a contract should contain some stipulation in

favor of a third person, he may demand its

fulfillment provided he communicated his

acceptance to the obligor before its revocation.

A mere incidental benefit or interest of a person

is not sufficient. The contracting parties must

have clearly and deliberately conferred a favor

upon a third person. (1257a)