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Defective Contracts (Philippines)

Business, Other

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Defective Contracts (Philippines)
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8 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A contract entered into by an incapacitated person is:

Void

Voidable

Rescissible

Unenforceable

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A written contract of sale of a computer worth P20,000.00 between S (seller), a minor, and B (buyer), an insane person. The computer has not been delivered and the price has not been paid.

Valid and enforceable

Rescissible

Voidable

Unenforceable

Void

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Aside from fraud and undue influence, the following are vices of consent, EXCEPT:

Violence

Intimidation

Mistake

Dealer's talk

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A written contract of sale of a lot between S (seller) and B (buyer) for P50,000.00. The lot is the only property of S who sold it to defraud C, his creditor. B was aware of the fraudulent intent of S in selling the lot to him.

Valid and enforceable

Rescissible

Voidable

Unenforceable

Void

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Contracts entered into in a state of drunkenness or during hypnotic spell are:

Valid

Voidable

Rescissible

Void

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A written contract of sale of a lot between S (seller) and B (buyer) for P50,000.00. The lot is the only property of S who sold it to defraud C, his creditor. B was not aware of the fraudulent intent of S in selling the lot to him.

Valid and enforceable

Rescissible

Voidable

Unenforceable

Void

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A contract entered into by an insane person during a lucid interval is:

Valid

Voidable

Rescissible

Void

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