BL 1 Q.7 BSCA

They are the least infirm or defective contract.

• Rescissible

• Voidable

• Unenforceable

• Void

As a general rule, the action to rescind contracts must be commenced within this number of years from the date the contract was entered into.

• 1

• 2

• 3

• 4

The ward or absentee should suffered lesion more than this value of the property which is the object of the contract for the contract to be rescinded.

• 1/4

• 1/2

• 1/3

• 1/8

This is the subject matter of the contract.

• Consent

• Object

• Cause

• Motive

Contracts in the Roman law could be set aside due to the following, except:

• Absence of capacity

• Entered through force

• Entered voluntarily

• Entered through mistake

Our civil law until 1950.

• Civil Code of America

• Civil Code of Spain

• Civil Code of Japan

• Civil Code of England

This law, enacted in 1949, sought to refine the classification of defective contracts by providing a more finely tuned classification.

• Spanish Civil Code

• Philippine Civil Code

• American Civil Code

• English Civil Code

 They are valid until annulled unless there has been a ratification.

• Rescissible

• Voidable

• Unenforceable

• Void

An equitable remedy granted by law to the contracting parties and sometimes even to third persons in order to secure reparation of damages caused them by a valid contract, by means of the restoration of things to their condition prior to the celebration of said contract.

• Reformation

• Rescission

• Interpretation

• Dissolution

A person who disappears from his domicile, his whereabouts being unknown, and without leaving an agent to administer his property.

• Absentee

• Ward

• Administrator

• Guardian