Untitled Quiz

What is the relationship between obligation and contract?

• Obligation is a type of contract

• Contracts are obligations that involve monetary transactions

• Contracts are obligations that are legally binding

• Obligation refers to responsibilities while contract refers to agreements

What are the obligations you have encountered as a student, and how can you classify them according to the Civil Code of the Philippines' classification?

• Pure and Conditional Obligations

• Obligations with a Period

• Alternative Obligations

• Joint and Solidary Obligations

What is the definition of an obligation according to the legal context?

• An obligation is a legal duty or liability

• An obligation is a course of action required by law

• An obligation is a constraint that limits freedom

• An obligation is a promise under seal or document containing agreements

What are the different types of contracts based on the perfection of formation?

• Consensual, Real, Formal or Solemn

• Express, Implied

• Onerous, Gratuitous, Remunerative

• Unilateral, Bilateral

What is the main remedy for a breach of contract?

• Compensatory damages

• Specific Performance

• Damages

• Cancellation and Restitution

What is the purpose of specific performance as a remedy for breach of contract?

• To award nominal damages to the non-breaching party

• To provide punitive damages to the non-breaching party

• To cancel the contract and seek restitution

• To enforce the breaching party's performance of duties under the contract

What are unconscionable contracts characterized by?

• They involve both parties agreeing to exchange items or services of value

• They are agreements that are not triggered until an outside event occurs

• They are considered unjust by being unfairly weighted to give advantage to one side

• They are drafted by a party with more bargaining power

What is the cause of obligations in onerous contracts?

• The service or benefit is remunerated

• The prestation or promise of a thing or service by the other party

• The mere liberality of the benefactor

• The prestation is given for a benefit or service that had been rendered previously

What is the interpretation of contracts based on if the terms are clear?

• The usage or custom of the place

• The literal meaning of the stipulations

• The contemporaneous and subsequent acts of the parties

• The general terms of the contract

What is the main purpose of a contract according to the Civil Code of the Philippines?

• To establish stipulations, clauses, terms, and conditions

• To bind one party to give something or render some service

• To provide a meeting of the minds between two persons

• To ensure compliance with law, morals, and public policy