PEC Flashcards
(60 cards)
What contract document is part of the construction contracts?
d. All of these
A contract that has already been performed is called?
c. Executed contract
What refers to a statement or oath, often religious in nature, agreed by an individual in ceremonies?
c. Creed
What is the major advantage of a standard contract?
a. The meanings of the clauses are well established
If ‘A’ borrowed money from ‘B’ of P50 promised to pay asap and they cannot agree on the specific date, this illustrates?
b. Obligations with a period
Damages which are small and trivial sums awarded for a technical injury due to a violation of some legal right are called?
b. Nominal damages
A rule is defined as?
d. A guide for conduct and action in a certain situation
An obligation which is not capable of partial performance is called?
d. Indivisible obligation
What states the moral responsibilities of engineers as seen by the profession?
c. Code of ethics
An obligation which is capable for partial performance is called?
c. Divisible obligation
A classification of contracts as to its ‘cause’ where the cause is the mutual undertaking or promise of either of the contracting parties is called?
c. Onerous contract
Some contracts may be dissolved by which valid reason?
d. All of these
A contract that is perfected by mere consent, such as contract of sale is called?
a. Consensual contract
A & B agreed to marry but A walked out. This limitation upon the right to contract refers to?
d. Contrary to public order
An obligation wherein various things are due, but the payment of one of them is sufficient is called?
d. Alternative obligation
Obligation comes from the Latin word that means to bind?
c. Obligare
If the penalty is not paid at the same time for demand failure, this is a type of penal clause?
b. Subsidiary
A novation where there is a change in the person of the parties and the objects or modification of principal condition is called?
b. Real novation
A contract that creates reciprocal obligations is called?
b. Bilateral contract
It is the voluntary administration of the abandoned business or property belonging to another without the consent of the latter?
a. Negotiorum Gestio
Branch of the unwritten law which was originally founded on the customs of merchants is called?
a. Law merchant
A remission shown by words or declaration of the oblige is called?
c. Express
One in which each of the debtors is answerable only for a proportionate part of the debt is called?
a. Joint obligation
What consists of the responsibilities and rights that ought to be endorsed by those engaged in engineering?
c. Engineering ethics