Midterm Quiz on Contracts

What is the essential reason which moves the contracting parties to enter into the contract?

• Thing

• Right

• Cause

• Service

According to cause, which type of contract is to give remuneration to the service previously rendered or given by the other party?

• Remuneratory

• Gratuitous

• Onerous

• Voidable

When are contracts considered to be perfected?

• At the time of generation

• At the time of acceptance

• At the time of perfection

• At the time of offer

What is the stage of the contract where it includes the bargaining of the subject of the obligation and the consideration?

• Autonomy

• Consummation

• Perfection

• Generation

What is the characteristic of a contract where it takes effect only between the parties, their assigns, and their heirs?

• Relativity

• Mutuality

• Autonomy

• Limitations

According to Article 1306, what is the limitation upon the establishment of stipulations, clauses, terms, and conditions?

• They must not be contrary to law, morals, good customs, public order, or public policy

• They must be reasonable

• They must be fair

• They must be just

What is the characteristic of a voidable contract?

• It can be invoked by third person

• It cannot be ratified

• It can be enforced by a proper action

• It cannot be annulled

What is the characteristic of an unenforceable contract?

• It can be enforced without ratification

• It can be assailed by third persons

• It cannot be enforced by proper action

• It cannot be ratified

What is the characteristic of a void contract?

• It can be confirmed or ratified

• It needs to be filed for annulment

• The defect of nullity may not be invoked by anyone against whom the effects of the contract are asserted

• It can produce effect against anyone

What is the characteristic of a rescissible contract?

• It is defective due to injury or damage to either of the contracting parties or to third persons

• It cannot be attacked directly

• It is susceptible of convalidation by ratification

• It cannot be rescinded by means of a proper action for rescission