Full 20% discount for senior citizens

Seniors are entitled to full 20% discount on top of a discount granted by a 3rd party. Lawyer Romulo Makalintal sued Sofitel after the latter refused to give a 70% discount based on the lawyer’s 20% senior discount and 50% discount via a contract with Accor (where he pays an annual membership fee of P8,000.00). Continue reading here.

Reformation of Instruments

When a written agreement does not reflect or express the true intentions of the parties, the contract may be reformed or changed. This is the right to reformation of instruments. This remedy is available so that the instrument may be accordingly revised to better manifest the agreement of the parties. Continue reading here.

Form of Contracts

As a general rule, contracts are consensual. Hence, they are generally perfected by mere consent. Once perfected, contracts become obligatory regardless of whatever form they may have been entered into, so long as all the essential requisites for their validity are present.

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Essential Requisites to Perfect a Contract

In general, a contract is perfected only when all of the following requisites are present: (1) consent of the contracting parties; (2) object certain which is the subject matter of the contract; and (3) cause of the obligation which is established.

Consent is manifested by the meeting of the offer and the acceptance upon the thing and the cause which are to constitute the contract. The offer must be certain and the acceptance must be absolute. If a party offers a qualified acceptance, the same is considered a counter-offer.

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Concept and Principles of Contract

A contract is a meeting of minds between two persons whereby one binds himself, with respect to the other, to give something or to render some service.

The contracting parties are free to establish such stipulations, clauses, terms and conditions as they may deem convenient, provided they are not contrary to law, morals, good customs, public order, or public policy. This is the principle of autonomy.

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Philippine Taxation on Online Sellers

For a quick understanding on how the Philippines taxes online sellers, you can check the following article:

Asian Briefing: Understanding How The Philippines Taxes Online Sellers

http://www.aseanbriefing.com/news/2014/10/10/understanding-how-the-philippines-taxes-online-sellers.html #businesslaw #ASEAN