An instrument may be reformed d
a. Simple donations inter vivos wherein no condition is imposedb. Willsc. When the instrument does not express the true intention of the parties due to mistaked. When the real agreement is void
Three of the following contracts are void. Which one is not?
a. Oral contract of partnership of three partners and capital contribution is more than P3,000 in cashb. Written contract contemplating impossible servicesc. Oral contract of partnership where real estate is contributed as capitald. Agent's authority to sell land is given orally.
When a third person assumes the payment of the obligation even without the knowledge and consent of thedebtor but with the consent of the creditor
a. There is novationb. There is delegation if debtor is releasedc. There is subrogationd. There is expromission if debtor is released
Which of the following is not an element of legal compensation?
a. Debts to be compensated are due and demandableb. There is controversy or adverse claim over any debts to be compensatedc. There are two or more debts of the same kindd. There are two or more persons who are creditor or debtors of each other.
Obligations & Contracts MCQ (1-10)
1. When the debtor binds himself to pay when his means permit him to do so, the obligation is:
a. Conditionalb. Purec. Simpled. With a Period
2. Contracts which cannot be sued upon unless ratified, thus it is as if they have no effect yet are:
a. Voidableb. Rescissiblec. Voidd. Unenforceable