Quiz - Finals

Question 1

An agreement is a meeting of the minds but lacks the essential elements of a contract

Answer 1

True

Question 2

As a general rule, future inheritance cannot be subject of a contract.

Answer 2

True

Question 3

There is consent when all terms and conditions have been fully accepted without any condition.

Answer 3

True

Question 4

The consent given by a minor to a contract is considered as valid if it involves basic necessities like food.

Answer 4

True

Question 5

As a general rule, contracts are perfected by mere consent except when the law provides some form or other additional requirements.

Answer 5

True

Question 6

As a general rule, when one signs a contract, it is presumed that he/she has full knowledge and understanding of the same.
True

Answer 6

True

Question 7

Compulsion by a reasonable and well-grounded fear of an evil

Answer 7

intimidation

Question 8

use of insidious words or machinations to convince the other contracting party

Answer 8

• fraud

Question 9

.use of serious or irresistible force

Answer 9

• violence

Question 10

taking improper advantage over the will of the other
violence

Answer 10

*undue influence

Question 11

If a contract provides that one of the contracting parties will have to predict the exact dates a of all the meteor showers that will occur in 2022, the contract is

Answer 11

*void

Question 12

Tessa, a deaf-mute, is a graduate of journalism. She was hired by NU Black-Gold publication and she signed an employment contract where her salary was pegged at P20,000.00 per month. The contract entered into by Tessa is?

Answer 12

valid

Question 13

Fe is an 89-year old widow who was abandoned by all of her children. She was suffering from occasional memory loss. One day, she took a video of herself writing her last will and testament where she disinherited all her children who abandoned her. While she wrote, she De was reading it out loud so that the video recording can capture her voice. The document (last will and testament) prepared by Juliet is

Answer 13

valid

Question 14

What could be the reason for your answer in #13?

Answer 14

• Valid because was of sound mind when she prepared the document

Question 15

Contracts entered into by an insane person during lucid interval

Answer 15

valid

Question 16

contracts entered into by a guardian where the ward suffers more than 1/4 lesion

Answer 16

rescissible

Question 17

Contracts entered into in a state of drunkenness

Answer 17

voidable

Question 18

Contracts entered into by a deaf-mute who knows how to read

Answer 18

valid

Question 19

Contracts entered into to defraud creditors

Answer 19

rescissible

Question 20

Contracts entered into where one of the parties is incapable of giving consent

Answer 20

voidable

Question 21

Contracts entered into at the point of a gun

Answer 21

voidable

Question 22

Contracts entered into due to mistake

Answer 22

voidable

Question 23

Ratified contracts

Answer 23

valid

Question 24

Contracts entered into between a deaf mute college graduate and a minor

Answer 24

voidable

Question 25

Remedy under the law for reparation of damages

Answer 25

rescission

Question 26

When one has to return what he/she has received

Answer 26

RESTITUTION

Question 27

Acceptance despite the defect

Answer 27

RATIFICATION

Question 28

generally, what is the prescriptive period to assail the validity of a contract?

Answer 28

4 YEARS

Question 29

A voidable contract can either be annulled or

Answer 29

RATIFIED

Question 30

In interpreting contracts, the primary consideration is the wording used in the written instrument that embodies the meeting of the minds.

Answer 30

FALSE

Question 31

For voidable contracts, both the contracting parties must agree to the ratification.

Answer 31

FALSE

Question 32

When the instrument is clear, either one of the contracting parties can request for the interpretation of the instrument.

Answer 32

FALSE

Question 33

Concealment of a mistake is a form of fraud that will warrant the reformation of an instrument.

Answer 33

TRUE

Question 34

Reformation is the solution where there is no meeting of the mind.

Answer 34

FALSE