BSBA FINALS QUIZ

Contracts are perfected by mere consent

• Consensuality   

• Autonomy  

• Relativity

• Mutuality

Contracts take effect only between the parties, their assigns and heirs, except in case where the rights and obligations arising from the contract are not transmissible by their nature, or by stipulation or by provision of law:

• Consensuality   

• Autonomy  

• Relativity

• Mutuality

The contracting parties may establish such stipulations, clauses, terms and conditions as they may deem convenient, provided they are not contrary to law, morals, good customs, public order, or public policy

• Consensuality   

• Autonomy  

• Relativity

• Mutuality

The contract must bind both contracting parties; its validity or compliance cannot be left to the will of one of them

• Consensuality   

• Autonomy  

• Relativity

• Mutuality

A ___________, in the legal sense of the word, is some right, interest, benefit, or advantage conferred upon the promisor, to which he is otherwise not lawfully entitled, or any detriment, prejudice, loss, or disadvantage suffered or undertaken by the promise other than to such as he is at the time of consent bound to suffer.

• Consideration

• Cause  

• Object

• Force

_____________, such as deposit, pledge and commodatum, are not perfected until the delivery of the object of the obligation.

• Real Contract

• Marriage Contract

• Void Contract

• Personal Contract

________ certain which is the subject matter of the contract

• Object

• Cause

• Consideration

• Force

___________of the obligation which is established.

• Object

• Cause

• Consideration

• Force

A contract is a meeting of ________ between two persons whereby one binds himself, with respect to the other, to give something or to render some service.

• Lungs

• Minds

• Friends

• Brains

A ________ is so-called because its terms are prepared by only one party while the other party merely affixes his signature signifying his adhesion thereto.

• Marriage Contract

• Contract of Adhesion

• Contract of Lease

• Employment Contract