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Quiz on Contracts

Authored by Rjay Arellano

Business

University

Used 3+ times

Quiz on Contracts
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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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