Oblicon by Operario
Understanding Obligation and Contracts
Test your knowledge on the essentials of obligation and contracts with our engaging quiz! Whether you're a student of law or just want to refresh your understanding, this quiz covers important concepts related to voidable and rescissible contracts.
- 11 thought-provoking questions
- Multiple-choice format
- Perfect for law enthusiasts
Who may ratify a voidable contract?
Incapacitated upon cessation of capacity
Guardian
Both
Only A
Ratification may be
Express
Tacit
Both
Noe
Ratification requires the consent of the
Capacitated
None
A debtor extends loan to a minor who has a guarantor. Who cannot allege the incapacity?
Debtor
Creditor
Guarantor
Both creditor and guarantor
Who may institute an action for annulment of contracts? Those responsible ____?
Principally
Subsidiarily
Both
None
Rescissible contracts are entered into by?
Ward
Guardian?
Either
Voidable contract are entered into by
Ward
Guardian
Heirs of Quirong vs DBP was rescinded due to
Art. 1556
Fraud of Creditors
Property under litigation
Right of First Refusal
Rosencor vs Inquing was not rescinded because
Property was not in fraud of creditors
There is no rescission if vendee is in good faith
Agreement was orally made
No evidence
Equatorial vs Mayfair was rescinded because
Economic Lesion
Property under litigation
Akin to Fraud of creditors
Art. 1556
Which is not obliged to return in a voidable contract?
The object of the contract
Fruit
Price
Interest
None of the above
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