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                          General Provisions of Contracts1.

Statement 1: Obligations and contracts are identical.

Statement 2: The object of a contract sale is its subject matter.

A.     Both statements are true.

B.     Both statements are false.

C.     Only Statement 1 is true.

D.     Only Statement 2 is true.


2. Statement 1: The interpretation of obscure words or stipulations in a contract shall not favor the party who caused the obscurity.

Statement 2: Advertisement for bidders are simply invitations to make proposals, and the advertiser is not bound to accept the highest or lowest bidder, unless the contrary appears.

A.     Both statements are true.

B.     Both statements are false.

C.     Only Statement 1 is true.

D.     Only Statement 1 is true.


3. Which of the following is not a requisite for the validity of a contract?

 A. Object

B. Consideration

C. Consent

D. Delivery of a thing


4. A stipulation not to engage in competitive enterprise after leaving the employment, could be considered as a contract which is:

A. Contrary to morals

B. Contrary to good customs

C. Contrary to law

D. Contrary to public policy



5. The following are exceptions to the rule that contracts take effect only between the parties, and their assigns and heirs, except:

A. Contracts containing real rights

B. Contracts which have been violated at the inducement of 3rd persons

C. Contracts pour autri

D. Contracts for sale of real property


6. A contract where one of the party rents out his property without any monetary consideration is called:

A. Depositum

B. Commodatum

C. Mutuum

D. Pactum commissorium


7. Which is not true about contract of adhesion?

A. It is a contract in which one of the parties prepares the stipulations in the form of a ready-made contract

B. The other party must accept or reject, but not modify, by affixing his signature

C. It is not entirely prohibited.

D. In case of ambiguity, both is equally liable


8. Statement 1: Dolo causante shall make the contract voidable.

Statement 1: Dolo incidente shall make the contract voidable.

A.     Both statements are true.

B.     Both statements are false.

C.     Only Statement 1 is true.

D.     Only Statement 2 is true.



9. By this principle, the validity and efficacy of the contract cannot be left to the will of one of the contracting parties:

A. Relativity of contracts

B. Obligatoriness of contracts

C. Freedom of contracts

D. Mutuality of contracts


10. Sally offers to sell her house to Harry for P3M. Harry asks Sally if she would accept P2.5M. Which of the following is correct?

A. Harry's response is just an inquiry and the P3M is still in force

B. Harry's response is a rejection of the offer of Sally

C. Harry's response is a counter offer which effectively terminates the P3M offer of Sally

D.Because of ambiguity, both offers are terminated by law.


11. In an invitation to bid, Anna proposes the following: "I will buy the property of P2M. If the bid of any other offeror shall be considered the best terms of the amount and conditions, I am to equal that offer." Which of the following is true:

A. The offer is considered as counter offer

B. This is a continuing offer and is very certain

C. The advertiser is not bound to accept the higher bidder

D. The offer is speculative because it cannot be considered as against another offer which is certain


12. An agreement in restraint of trade is:

A. Void

B. Valid

C. Voidable

D. Unenforceable




13. These persons are bound of contracts

A. Contracting parties

B. Assigns

C. Heirs

D. All of them


14. Contract made for a valuable consideration is:

A. Gratuitous

B. Causal

C. Onerous

D. Inchoate


15. The stage of the "conception" of a contract is:

A.     When the parties come to an agreement

B.     When there is a meeting in the parties' minds

C.     When the negotiations are in progress

D.     When the contract was fully executed


16. Tony makes an offer to Luis on July 5, 2021. Luis makes known his acceptance through a letter sent on July 5 and was received by Tony on July 10. Meantime, on July 5, Tony was declared insane.


A.     The contract is voidable because one of the party is insane

B.     There is already a meeting of the minds, the contract is perfected

C.     The contract is not binding because there is no meeting of minds

D.     None of the above




17.  A conferment of a direct benefit in a contract between two persons in favor of a third person who must accept such benefit before the same is withdrawn is known as

Donation

Counter-offer

Stipulation pour autri

Policitacion


18. This is an example of pactum leonina in the Civil Code:

A. A stipulation that excludes one or more parties from any share in the profits or losses is void.

B. The creditor does not acquire the ownership of the real estate for non-payment of the debt within the period agreed upon.

C. The creditor cannot appropriate the things given by way of pledge or mortgage, or dispose of them. Any stipulation to the contrary is null and void

D. A stipulation forbidding the owner from alienating the immovable mortgaged shall be void.


19. Statement 1: Misrepresentation made in good faith is not fraudulent but may constitute error.

Statement 2: A threat to enforce one's claim through a competent authority, if the claim is just or legal, does not vitiate consent.


A.     Both statements are true.

B.     Both statements are false.

C.     Only Statement 1 is true.

D.     Only Statement 2 is true.



20. Statement 1: Real contracts are perfected by mere consent.

Statement 2: Consummation of a contract is manifested by the offer and acceptance.

A.     Both statements are true.

B.     Both statements are false.

C.     Only Statement 1 is true.

D.     Only Statement 2 is true.

Answer & Explanation
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