Article 1403
ELI5— what this means for you
Certain contracts are unenforceable unless in writing (Statute of Frauds): sale of real property, lease of over one year, agreements in consideration of marriage, debts over ₱500, sale of goods over ₱500, and contracts not to be performed within a year.
Key point
A verbal agreement to sell land is not enforceable in court — it must be in writing.
Official text — RA 386
Full article text is being added. Read the official text at officialgazette.gov.ph.
Related
RELATED RIGHTS
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