Contracts (General Provision)

Contracts (General Provision)

University

11 Qs

quiz-placeholder

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Contracts (General Provision)

Contracts (General Provision)

Assessment

Quiz

Other

University

Medium

Created by

EUC Accountacy

Used 289+ times

FREE Resource

11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The following are cases when a contract is effective only between parties, except

by their nature

by stipulation in accordance with the principle of freedom to contract

by stipulation in favor of a third person

by provision of law

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The determination shall not be obligatory if it is

inequitable

equitable

evidently inequitable

evidently equitable

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The heir is not liable beyond the property he received from the

decedent

obligor

assigns

third person

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A stranger to the contract

heir

third person

decedent

assigns

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is binding against the whole world and attaches to the property over which it is exercised wherever it goes

personal rights

real rights

limited rights

ownership

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is when the parties have performed their respective obligations and the contract may be said to have been fully accomplished or executed.

Preparation or Negotiation

Perfection or Birth

Consummation or Termination

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Mutuum or loan is an example of what classification of contract according to perfection?

Consensual Contract

Real Contract

Solemn Contract

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