Sec. 2. Object of contract Object 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 ub j ec t m at te r o f t h e o b li ga ti o n w h i c h i s created or established. The what of the contract.(Art.

Art. 1347 1349)Ge n e ra l ru le : A ll th in gs o r s e rv i c es m ay be t h e object of contractsRequisites: 1. the object shall be within the commerce of men - appropriability and transmissibility 2. the object should be real or possible - objects that are inexistent cannot be theobject of contracts. - future things may be the object of contracts conditional contract presumption incase of doubt about the nature of contract aleatory 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 prejudiced 3. the object shall be licit 4. the object should be determinate - the genus of the object should beexpressed although there might be nodetermination of the individual specie* * * T h e f ac t t h a t th e q ua n t it y i s n o t d e te rm in at es h a l l n o t b e an o bs ta c l e t o th e ex is te n c e o f th econtract, provided it is possible to determine thesame, without the need of a new contract betweenthe parties. cannot be objects of contracts: outside the commerce of men intransmissible rights future inheritance, except in casesexpressly authorized by law reason: p o s s i b i l it y t h a t o n e o f t h e contracting parties may be temptedto instigate the death of the other inorder that inheritance will becomehis probability that fraud and prejudicem ay be c o m m it te d o r o c c as io n ed thereby services which are contrary to law, morals,good customs, public order, public policy impossible things or services absolute impossibility of service ar is es fr o m th e n a tu re o r e s s en c e o f the act or service itself; void contract relative impossibility of service arises form the circumstances or qualificationsof the obligor rendering him incapableof executing the act or service, allowsthe perfection of the contract, althoughthe fulfillment thereof is hardlyprobable. I f i m p o s s i bi li ty m a y p e rm an en t i n character, contract is void objects which are not of possibledetermination as to its kind