Published: 2015-07-08
Key Benefits:
The object of a contract is the thing which it is agreed, on the part of the party receiving the consideration, to do or not to do.
(Enacted 1872.)
The object of a contract must be lawful when the contract is made, and possible and ascertainable by the time the contract is to be performed.
(Enacted 1872.)
Everything is deemed possible except that which is impossible in the nature of things.
(Enacted 1872.)
Where a contract has but a single object, and such object is unlawful, whether in whole or in part, or wholly impossible of performance, or so vaguely expressed as to be wholly unascertainable, the entire contract is void.
(Enacted 1872.)
Where a contract has several distinct objects, of which one at least is lawful, and one at least is unlawful, in whole or in part, the contract is void as to the latter and valid as to the rest.
(Enacted 1872.)