Final Pre-Board Examination

Part – 3
Regulatory Framework for Business Transaction

1. The following are void contracts, except;

a. Contract of sale between the guardian and his ward concerning the property of the
latter
b. Contract of lease between the executors and administrators and estate concerning the
property of the estate under administration
c. Contract of sale where the buyer is a government official entrusted with the
administration of the subject property
d. Contract of loan between the principal and an agent, where the latter was
authorized to borrow money

2. The following are real contracts which require delivery for perfection, except;
a. Pledge
b. Mortgage
c. Mutuum
d. Deposit

3. Which of the following is a preparatory contract?

a. Lease
b. Partnership
c. Mortgage
d. Loan

4. Yuji Itadori, who is indebted to Satoru Gojo for P100, 000, sold his only remaining
property to Megumi Fushiguro. There would be a presumption that the sale was in fraud
of Gojo:
a. If Yuji did not reserve sufficient properties to pay all debts contracted before the sale
b. If Yuji did not reserve sufficient properties to pay all debts contracted before and after
the sale
c. When there has been some judgement obtained Gojo issued against Yuji before
the sale
d. When there has been some judgement issued against Yuji before the sale even if not
obtained by Gojo

5. Which of the following can validly give consent to a contract:

a. Insane persons
b. Demented persons
c. Minors
d. Deaf-mutes who are blind