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WorksheetsLaw on Contracts Quiz
Total questions: 10
Worksheet time: 3mins
This includes all the steps taken by the parties leading to the birth of the contract.
Perfection
Consummation
Negotiation
Termination
This remedy is used when there has been meeting of the minds of the parties, hence a contract exists but the written instrument purporting to embody the contract does not express the true intention of the parties by reason of mistake, fraud, inequitable conduct, or accident.
Annulment
Reformation
Rescission
Ratification
This is the act of making intelligible that was not before understood, ambiguous, or not obvious.
Ratification
Identification
Formulation
Interpretation
If the law is _________, there is no need for the determination of the meaning of the terms or words used by the parties in their written contract.
unambiguous
unclear
vague
not obvious
The following are the three essential requisites of a valid contract, except:
Cause
Offer
Consent
Object
The following contracts must be in writing for their validity, except:
Sale of a piece of land or any interest therein through an agent
Donation of personal property not exceeding P5,000 value
Agreement regarding payment of interest in contracts of loans
Antichresis
Who is not entitled to reformation?
Either of the parties, if the mistake is mutual
Heir or successor in interest, in lieu of the party untitled
Injured Party
Party who acted in good faith
Who cannot give consent?
Unemancipated minors involving their necessary or basic needs
Insane or demented persons except during lucid interval
Deaf-mutes who know how to write
Minor who misrepresented his age when entering a contract
Its purpose is to prevent perjury in the enforcement of obligations depending for their evidence on the unassisted memory of witnesses, by requiring certain enumerated contracts to be in certain forms.
Statute of Prouds
Statute of Friends
Statute of Perjury
Statute of Frauds
The public document is required only for the following, except?
Validity
Binding as against third persons.
Convenience
Protection of the parties
