ART 1403-1408-WPS Office.pptx............

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1. Art. 1403. The following contracts are unenforceable, unless they are ratified: Those entered into in the name of another person by one who has been given no authority or legal representation, or who has acted beyond his powers .

2. Art. 1404. Unauthorized contracts are governed by Article 1317 and the principles of agency in Title X of this Book.

3. Art. 1405. Contracts infringing the Statute of Frauds, referred to in No. 2 of Article 1403, are ratified by the failure to object to the presentation of oral evidence to prove the same, or by the acceptance of benefit under them.

4. Art. 1406. When a contract is enforceable under the Statute of Frauds, and a public document is necessary for its registration in the Registry of Deeds, the parties may avail themselves of the right under Article 1357.

5. Art. 1407. In a contract where both parties are incapable of giving consent, express or implied ratification by the parent, or guardian, as the case may be, of one of the contracting parties shall give the contract the same effect as if only one of them were incapacitated.

6. If ratification is made by the parents or guardians, as the case may be, of both contracting parties, the contract shall be validated from the inception.

7. Art. 1408. Unenforceable contracts cannot be assailed by third persons.