Business Law Quiz

Quiz
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Other
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University
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Hard
Jeesica Jeesica
Used 7+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
It refers to the manner in which a contract is executed or manifested.
Agreement
Obligation
Form of Contract
Form of Obligation
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
According to Article_______, When through the ignorance, lack of skill, negligence or bad faith on the part of the person drafting the instrument or of the clerk or typist, the instrument does not express the true intention of the parties, the courts may order that the instrument be reformed.
Article 1362
Article 1363
Article 1364
Article 1365
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
It is mistake of fact that is common to both parties of the instrument which causes the failure of the instrument to express their true intention.
Reformation
Mutual mistake
Unilateral
Concealment of mistake
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
When an agreement is susceptible of several meanings, one of which would render it affectual, it should be given that interpretation.
Interpretation of stipulation with several meanings
Interpretation of obscure words
Interpretation of words with different significations
Interpretation of various stipulations of a contract
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
It is the process of ascertaining the intention of the parties from the written words contained in the contract.
Contemporaneous and Subsequent acts
Contracts
Interpretation of Contracts
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A contract where most of the terms do not result from mutual negotiation between the parties, usually printed form prepared by one party only and the other party will sign to the contract if she/he wants, what this contract called?
Interpretation of contracts
Contract of adhesion
Gratuitous contract
Interpretation of various stipulations of a contract
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
This is the place where the contract was entered into may be received to explain what is doubtful or ambiguous in a contract.
Interpretation of obscure words
Interpretation of words with different significations
The usage or custom
Interpretation of Stipulation with several meanings
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