PLMUN CONTRACT Q3

It is the conformity of wills and with respect to contracts, it is the agreement of the will of one contracting party with that of another or others, upon the object and terms of the contract.

• Consent

• Object

• Consideration

• Obligation

It is a proposal made by one party to another to enter into a contract.

• Offer

• Object

• Consideration

• Acceptance

It is the manifestation by the offeree of his assent to the terms of the offer.

• Offer

• Object

• Consideration

• Acceptance

Parties must possess the necessary legal capacity

• True

• False

• Maybe

• None of the above

General Rule: Acceptance made by letter or telegram does not bind the offeror.

• True

• False

• Maybe

• None of the above

The offer must be certain or indefinite and clear, and not vague

• True

• False

• Maybe

• None of the above

A mere offer produces obligation.

• True

• False

• Maybe

• None of the above

Must be intelligent, free, spontaneous, and real.

• True

• False

• Maybe

• None of the above

Parties must possess the necessary illegal capacity

• True

• False

• Maybe

• None of the above

The meeting of the offer and the acceptance upon the thing and the cause which are to constitute the contract.

• Perfection Contract

• Offer

• Contract of Adhesion

• Obligation