Page 340 - Important Provisions of The New Civil Code

VOIDABLE CONTRACTS

Article 1390. The following contracts are

voidable or annullable, even though there may

have been no damage to the contracting

parties:

(1) Those where one of the parties is

incapable of giving consent to a contract;

(2) Those where the consent is vitiated by

mistake, violence, intimidation, undue

influence or fraud.

These contracts are binding, unless they are

annulled by a proper action in court. They are

susceptible of ratification. (n)