QUIZ NO.

1 CONTRACTS December 9, 2021

Name_________________________________________Year and Course:_______________

1-5 What are the vices of consent?

1. 4.
2. 5.
3.

6-8 Who cannot give consent to a contract? 9-10 Define stipulation pour autrui.

6.
7.
8.

11. ______________is a proposal made by one party to another to enter into a contract.
12. ______________is one giving a person for a consideration, a certain period within which to accept the
offer.
13. ______________ is the neglect or failure to communicate that which a party to a contract knows and
ought to communicate.

TRUE OR FALSE
__________14. The person making the offer may fix the time, place, and the manner of acceptance, all of
which must be complied with.
__________15. Contracts entered into in a state of drunkenness or during a hypnotic spell are perfectly
valid.
__________16. The usual exaggerations in trade, when the other party had an opportunity to know the
facts, are not in themselves fraudulent.

17-18 When will a person be bound by a contract entered into by another?

_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________

19-21 What are the stages in the life of a 22-23. Define Acceptance
contract?

19.
20.
21.

24-25. Differentiate absolute & relative simulation.

_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________

26-28. How are contracts perfected?

______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________

29-32 What are requisites of things as object of contracts?

29.
30.
31.
32.

33-35.What are requisites of services as object of contracts?

33.
34.
35.
36-39. S sold to B for P150, 000 a land belonging to S located in his hometown without
specifying it’s exact location and area? Is the sale valid? Explain. (4pts)
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________

40-42. What is reformation? How does it differ from annulment?

______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________

43-47. What are the requisites of reformation?

43.
44.
45.
46.
47.

48-50. State at least 3 rules in the interpretation of contracts.

48.
49.
50