In the second half of his text, De Leon explores the life cycle of a contract. For a contract to legally exist and bind parties, he highlights the three indispensable requisites: The meeting of the offer and the acceptance. Object Certain: The subject matter of the contract.
The legal bond that binds the parties.
From the sources of obligations to the nuances of voidable contracts, no stone is left unturned. Core Pillars of Obligations
“An obligation is a juridical necessity because in case of non-compliance, the courts may compel the debtor to perform or to pay damages.” — De Leon
De Leon emphasizes five exclusive sources: