Contracts Quiz

What is a contract?

• A mutual agreement between two parties

• A unilateral promise by one party

• An agreement with no legal consequences

• A verbal argument

Which type of contract is perfected by mere consent?

• Consensual contracts

• Voidable contracts

• Formal contracts

• Real contracts

What is the preparation stage of a contract?

• Signing the contract

• Negotiation stage

• Performance of obligations

• Agreement on the object and cause

What is the essential requisite related to consent in contracts?

• The cause of the contract must be lawful

• The object must be within the commerce of men

• Parties must have legal capacity

• Contracts can be oral or written

Which type of contract requires a specific form to be valid?

• Resistible contracts

• Formal contracts

• Consensual contracts

• Real contracts

What happens if a contract is annulled due to vices of consent?

• It becomes voidable

• It becomes unenforceable

• It becomes void and inexistent

• It remains valid

What is the cause of a contract?

• The essential reason or purpose

• The object of the contract

• The consent of the parties

• The form of the contract

Which type of contract cannot be enforced unless ratified?

• Void and inexistent contracts

• Unenforceable contracts

• Voidable contracts

• Resistible contracts

What happens if a contract does not express the true intention of the parties?

• It becomes void and inexistent

• It remains valid

• It becomes unenforceable

• It can be reformed to reflect their true intention

How are ambiguities in contracts interpreted?

• In favor of the party with more bargaining power

• In favor of the party who did not draft the contract

• In favor of the party who caused the ambiguity

• In favor of the party who benefits more