OBLICON 2 Flashcards
(162 cards)
5 Form for Validity of Contract
Donation if Real Property
Donation of Personal Property the value which exceeds 5K
Sale of land through an agent
Stipulation to pay interest
Contract of Partnership
Real Property
Immovable Property
5 Form for Validity of Contract
it must be in a public instrument (eg. deed of sale, will…)
Donation of Real Property
5 Form for Validity of Contract
the donation and acceptance must be in writing.
Donation of personal property the value of which exceeds 5k
Donation of personal property the value which ______
EXCEEDS 5k
5 Form for Validity of Contract
it must be in wiring otherwise, no interest is due.
Stipulation to pay interest
Donation of Real Property must be in a _____
public instrument
5 Form for Validity of Contract
In sale of land through an agent the authority of the agent must be in ____ otherwise the sale is void.
writing
The stipulation of interest must be in ____ otherwise no interest is due.
writing
5 Form for Validity of Contract
In Contract of Partnership. The immovables that are contributed must be in a _____ to which shall be attached a signed inventory of the immovable property contributed.
public instrument
Contracts entered into in behalf of wards.
Valid : Rescissible
G is the guardian of M (a minor). G sells the property of M worth P20,000 for only P15,000.
Valid : Valid
The contract of sale cannot be rescinded because the lesion (see Art. 1355.) is not more than one-fourth.
G is the guardian of M (a minor). G sells the property of M worth P20,000 for only P14,999.
Valid ; Rescissible
because property is sold for less than P15,000, M can rescind the sale by proper action in court upon reaching the age of majority.
A sues B for the recovery of a parcel of land. In this case, the land is a “thing under litigation.”
If, during the pendency of the case, B sells the land to C without the approval of A or of the court the sale is _____
Valid ; Rescissible
Legal incapacity to give consent, where one of the parties is incapable of giving consent to the contract; or
Valid : Voidable
Violation of consent, where the vitiation is done by mistake, violence, intimidation, undue influence, or fraud.
Valid : Voidable
The contract is signed under undue influence or duress
Valid : Voidable
John was seventeen and entered into a contract with Bill’s Car Lot to purchase a car. They signed all of the paperwork and contract and John drove the car home
Valid ; Voidable
A contract whose cause or object did not exist at the time of the transaction.
Void
A contract whereby A will kill B’s mother-in-law in exchange for two-piece JollibeeChicken Joy with fries
Void
A contract whereby A, without authority, borrowed money for and in the name of B
Unenforceable
These can be defective if one party was incapable of giving consent or if consent was granted by mistake, threat, violence, fraud, or undue influence.
Voidable
VIMFU
Voidable
These are contracts that can’t be enforced for a variety of reasons.
Unenforceable