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Sec. 2. Object of contractObject most fundamental and indispensablerequisite of a contract.t h e t h i n g , r i g h t o r s e r v i c e w h i c h i s t h e s u b j e c t m a t t e r

of the obligation which iscreated or established.The what of the contract.(Art. 1347 1349)Ge ne ra l ru le : All th ingsor services may be theobject of contractsRequisites:1. the object shall be within the commerce of men

- appropriability and transmissibility2. the object should be real or possible- objects that are inexistent cannot be theobject of contracts.- future things may be the object of contractsconditional contract presumption incase of doubt about the nature of contractaleatory contractexception: future inheritance may notbe the object of contract

(Art. 1347)exception to exception: Art. 1080 of theCivil Code; partition of estate inter vivos,provided that the legitime of compulsory heirs is not prejudiced3. the object shall be licit4. the object should be determinate- the genus of the object should beexpressed although there might be nodeterminationof the individual specie** *Th e fa ct tha t the qu ant ity is not de te rmi nat esh allnot be an obst acle to the exis tenc e o f thecontract, provided it is possible todetermine thesame, without the need of a new contract betweenthe parties.cannot be objects of contracts:

outside the commerce of menintransmissible rightsfuture inheritance, except in casesexpressly authorized by lawreason:po ss ibil i ty that one of the contracting parties may be temptedto instigate thedeath of the other inorder that inheritance will becomehisprobability that fraud and prejudicemay be committed or occasionedthereby

services which are contrary to law, morals,good customs, public order, public policyimpossible things or servicesabsolute impossibility of service ar is es fr om th e na tu re or ess en ce of the act

or service itself; void contractrelative impossibility of service arises form the circumstances or qualificationsof theobligor rendering him incapableof executing the act or service, allowstheperfection of the contract, althoughthe ful fil lment thereof is hardlyprobable.If im po ss ib il it y ma y pe rm an en t in character, contract is voidobjects which are not of possibledetermination as to its kind

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