NOTARIAL RULES in Powerpoint
NOTARIAL RULES in Powerpoint
Failing to require signers to be present at the notarization is the number one claim of
misconduct against Notaries.
What is the purpose of a
notarized document?
Under the rule, only persons who are commissioned as notary public may
perform notarial acts within the territorial jurisdiction of the court which
granted the commission.
Under the Civil Code, a contract is valid and binding if all its elements are
present, i.e., the elements of consent, object, and cause. Thus, even if the
contract is not notarized, it is valid provided these elements are present.
What is Jurat?
A jurat is a distinct creature from an acknowledgment. An
acknowledgment is the act of one who has executed a deed in
going before some competent officer or court and declaring it to
be his act or deed; while a jurat is that part of an affidavit where
the officer certifies that the same was sworn before him.
What is the purpose of jurat and acknowledgement?
A notary acknowledgement ensures that the signer of the document is indeed the person
named in the document. The function of the notary in this case is to verify the identity of
the signer. On the other hand, a notary is asked to perform a Jurat, when the signer takes
an oath or makes an affirmation.
The deed of absolute sale is the document under which the seller transfers the real estate
to the buyer. This document is fairly straightforward, sets out the basic terms of the
transaction and cross-refers to the sale and purchase agreement for the other terms.
Elements
In its most basic form, it is a contract. A contract, under Philippine law, has three
elements: the consent of the contracting parties, an object certain that is the subject
matter of the contract, and the cause of the obligation that is established.
Failure to notarize a deed of absolute sale does not render the sale or transaction void or
without any effect. If you fail to notarize a deed of absolute sale, it will only be considered
as a mere private document.
Is deed of absolute sale valid without notary?
A Deed of Donation transfers property from the owner (the “donor”) to another
person (the “donee”) by way of donation. The Deed of Donation is usually executed
for the love, gratuity and affection the donor has for the donee (e.g. from a parent to
a child).
The donor must have the capacity to make the donation and must be the
lawful owner of the property donated;
The donor must have donative intent;
There must be delivery of the thing donated; and.
The donee must accept the donation during the lifetime of the donor and
the donee.
Donations are perfected from the moment the donor knows of the
donee’s acceptance.
Should a Deed of donation be notarized?