
Quiz on Contracts
Authored by Rjay Arellano
Business
University
Used 3+ times

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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of a contract according to Art. 1305?
A unilateral promise
An agreement enforceable through legal proceedings
A meeting of minds between two persons to give something or render some service
A social agreement without legal implications
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a contract, how many persons or parties must be involved according to the text?
Only one person
At least three persons
At least two persons or parties
At least one person
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the essential elements of a contract?
Price, Quantity, Quality
Legal capacity, Mutual agreement, Written form
Offer, Acceptance, Consideration
Consent, Object, Cause
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of contract is perfected by consent, object, and cause?
Bilateral
Formal
Consensual
Real
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the distinguishing factor between a principal and an accessory contract?
Accessory contracts are standalone
Principal contracts are more important
Principal contracts can exist on their own
Accessory contracts are legally binding
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to the text, what is the cause of a contract?
The personal motives of the parties
The subject matter of the contract
The legality of the contract
The essential or more proximate purpose which the contracting parties have in view
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the difference between cause and motive in a contract?
Cause is the remote reason, while motive is the immediate reason
Cause is known to both parties, while motive may be unknown
Cause is always personal, while motive is legal
Cause is essential, while motive is not
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