Page 333 - Important Provisions of The New Civil Code

Article 1324. 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be withdrawn at any time before acceptance by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

Article 1326. Advertisements for bidders are

simply invitations to make proposals, and the

advertiser is not bound to accept the highest or

lowest bidder, unless the contrary appears. (n)

Article 1327. The following cannot give consent

to a contract:

(1) Unemancipated minors;

(2) Insane or demented persons, and deaf-

mutes who do not know how to write.

(1263a)