Scribd Logo
Upload

Welcome to Scribd!

  • Oblicon-Midterms (Answer Key)

    Uploaded by

    Kimberly
    174 views4 pages
    I. The document contains multiple choice, true or false, and identification questions testing knowledge of contract law. II. For the enumeration section, it asks about the vices of consent, circumstances of undue influence, classifications of contracts, and characteristics of consent. III. For the kind of contracts section, it provides classifications for different types of contracts as valid, rescissible, voidable, unenforceable, or void and applies those classifications to sample contracts.

    Original Description:

    Original Title

    OBLICON-MIDTERMS (ANSWER KEY)

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    I. The document contains multiple choice, true or false, and identification questions testing knowledge of contract law. II. For the enumeration section, it asks about the vices of consent, circumstances of undue influence, classifications of contracts, and characteristics of consent. III. For the kind of contracts section, it provides classifications for different types of contracts as valid, rescissible, voidable, unenforceable, or void and applies those classifications to sample contracts.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    174 views4 pages

    Oblicon-Midterms (Answer Key)

    Uploaded by

    Kimberly
    I. The document contains multiple choice, true or false, and identification questions testing knowledge of contract law. II. For the enumeration section, it asks about the vices of consent, circumstances of undue influence, classifications of contracts, and characteristics of consent. III. For the kind of contracts section, it provides classifications for different types of contracts as valid, rescissible, voidable, unenforceable, or void and applies those classifications to sample contracts.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 4

    I.

    MULTIPLE CHOICE
    1. D
    2. B
    3. B
    4. C
    5. B
    6. D
    7. B
    8. A
    9. C
    10. A
    11. A
    12. C
    13. D
    14. D
    15. C
    16. B
    17. A
    18. B
    19. C
    20. A

    II. TRUE OR FALSE


    1. True
    2. True
    1 3. False THE LAW ON OBLIGATIONS AND CONTRACTS –MIDTERM (ANSWER KEY)
    4. True
    5. True
    6. True
    7. True
    8. True
    9. False
    10. False
    11. True
    12. True
    13. True
    14. False
    15. True
    16. False
    17. True
    18. True
    19. False
    20. True

    III. IDENTIFICATION
    1. Valid Contracts
    2. Third Person
    3. Stipulation pour autrui
    4. Real Contract
    5. Consensual Contract
    6. Solemn Contract
    7. Consent
    8. Offer
    9. Acceptance
    10. Option Contract
    11. Future Inheritance
    12. Physical Impossibility
    13. Cause
    14. Motive
    15. Inadequacy of cause
    16. Form of a Contract
    17. Reformation
    18. Mutual Mistake
    19. Interpretation of a Contract
    20. Contracts of Adhesion
    21. Rescissible Contracts
    22. Annulment
    23. Inexistent Contracts
    24. Option Money
    25. Unenforceable Contracts

    IV. ENUMERATION
    a. What are the vices of consent? (5 pts.)
    1. Error or mistake
    2. Violence or force
    3. Intimidation or threat
    2 THE LAW ON OBLIGATIONS AND CONTRACTS –MIDTERM (ANSWER KEY)
    4. Undue influence
    5. Fraud or deceit
    b. What are the circumstances to be considered in undue influence? (4 pts.)
    1. Confidential
    2. Mental weakness
    3. Ignorance
    4. Financial distress
    c. What are the classifications of contract according to obligatory force? (5 pts.)
    1. Valid
    2. Rescissible
    3. Voidable
    4. Unenforceable
    5. Void or inexistent
    d. What are the characteristics of a consent? (3 pts.)
    1. Intelligent
    2. Free and voluntary
    3. Conscious or spontaneous
    e. What are the classifications of contract according to cause? (3 pts.)
    1. Onerous
    2. Remuneratory
    3. Gratuitous
    V. KIND OF CONTRACTS (15 pts.)
    Write VAC if it is a Valid Contract; RC if it is a Rescissible Contract; VBC if it is a Voidable
    Contract; UC if it is an Unenforceable Contract; VB if it is a Void Contract
    1. RC
    2. VAC
    3. VBC
    4. VBC
    5. RC
    6. UC
    7. UC
    8. VC
    9. VBC
    10. UC
    11. VC
    12. VC
    13. UC
    14. VBC
    15. VC
    RC
    1. Agreed upon in representation of absentees, if absentee suffers lesion by more than ¼ of value
    of property.
    2. Those which have caused a particular economic damage either to one of the parties or to a third
    person and which may be set aside even if valid.
    3. Entered into by guardian whenever ward suffers damage more than ¼ of value of property.
    3 THE LAW ON OBLIGATIONS AND CONTRACTS –MIDTERM (ANSWER KEY)
    VBC
    1. The contract includes misrepresentation, errors, or fraudulent statements.
    2. The contract was signed under duress or undue influence.
    3. Minors who have signed a contract can walk away at any time because they did not have the
    legal ability to enter this agreement
    4. The contract contains one or more unconscionable terms.

    UC
    1. Those entered into without or in excess of authority;
    2. Those that do not comply with the Statute of Frauds i.e., are not in writing nor subscribed by the
    party charged or by his agent; or
    3. Those where both contracting parties are incapable of giving consent.

    VC
    1. Restrain someone from performing certain legal activities such as working or choosing a
    spouse.
    2. Pertain to illegal activity such as prostitution, gambling, or another crime
    3. Be signed by a minor or another person deemed mentally incompetent to enter a contract
    4. A formal agreement that is effectively illegitimate and unenforceable from the moment it is
    created.
    VAC
    1. The contracting parties had “a meeting of the minds” regarding the agreement.

    4 THE LAW ON OBLIGATIONS AND CONTRACTS –MIDTERM (ANSWER KEY)

    You might also like