Contracts

(Articles 1318-1336)

Multiple Choice

1) Only one is an essential requisite of a contract. Which is it?

a) Delivery
b) Form
c) Consent
d) Payment

2) Mickey offered to sell to Minnie his watch for P10,000. Minnie consented
to buy the watch but only for P9,500. Is there consent?
a) Yes, because Minnie consented to buy the watch
b) No, since Mickey and Minnie can not agree on the price
c) Yes, since P9,500 is more or less approximate to P10,000
d) Yes, because what is important is that there is agreement on the object

3) Mickey offered to sell to Minnie his watch for P10,000. Minnie consented
to buy the watch also for P10,000. Mickey specifically stated that payment
should done immediately but delivery will be done the next day. Minnie
countered that both the payment and delivery should be done the next
day. Minne said she will still think about it. Is there already a contract?
a) Yes, since both Mickey and Minnie agreed on the subject matter and
on the price
b) No, since Minnie said that she will still think about it, meaning, there
was still no consent on the subject and on the price
c) Not yet, since the parties stll cannot come to the agreement as regards
the terms of the contract
d) Yes, since what is of more primordial consideration is consent on the
object and on the price

4) Donald advertised for sale his roadster racer. Mickey told Donald that he
is going to buy the same for P100,000. Pete said that he is also willing to
buy it for P150,000. Is there already a contract?
a) Yes, since Mickey already accepted the offer made by Donald
b) Not yet, since Donald must accept either the bid of Mickey or the bid of
Pete
c) Yes, and Donald must accept the offer of Pete since it is the higher
offer

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 d) No, since the advertisement is simply an invitation to make proposals
and not an actual offer to sell

5) Who cannot give consent to a contract?

a) Minor
b) An 80 year-old grandma because of her age
c) A young girl who just turned 18 years old
d) A deaf-mute who is a writer at a major news magazine

6) Mickey, 16 years old, entered into a contract with Pete, 20 years old, in
which Mickey will sell his roadster racer to Pete for P100,000. What can
be said of the contract?
a) Valid, although voidable
b) Void, since a minor cannot give consent to a contract
c) Mickey woud need the approval of his parents before the contract can
be considered as valid
d) The contract is void for all intents and purposes

7) Only one of the following is not a vice of consent. Which is it?

a) Mistake
b) Intimidation
c) Hesitation
d) Undue influence

8) Mickey bought a lamp from the store of Pete. He paid P1,000 for the item
which has a tag price of P100,00. Pete who at the time was busy stacking
the shelves, just told him to place the money in the couter, which Mickey
did. When he got home and took a better look, he realized that the price
is not really P1,000 but only P100.00. What can be said of the contract?
a) Void, since it is clear that there is no consent on the price
b) Voidable, since mistake is a vice of consent
c) Valid, since there will be only a correction of error as to the price
d) Void, since Mickey only made a counter offer therof

9) What is the effect of a contract where the consent thereof is vitiated as

such by a vice of consent?
a) Voidable
b) Void
c) Valid for all intents and purposes
d) Cannot be determined

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10) A person under a hypnotic spell entered into a contract of sale.
When he got out of the hypnosis, he found out that he sold his car for
P100,000, when such car has a value of P1,000,000. What can be said of
the contract?
a) Void, since the law does not recognize hypnosis
b) Valid for all intents and purposes, since the law does recognize the
state of a hypnotic spell
c) Voidable, which means it is valid unless annulled
d) There is no contract at all

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 Answers

1) C
2) B
3) C
4) D
5) A
6) A
7) C
8) C
9) A
10) C