QUIZ

QUIZ 1 CONTRACTS
SET F
1. Contracts may take effect only between the parties, their assigns and heirs. TRUE
2. Real contracts are perfected by mere consent. FALSE (delivery)
3. Mistake as to the qualifications of one of the parties vitiates consent. FALSE
4. If fraud was employed in obtaining consent, the contract is voidable. FALSE

(rescissible)
5. The contract is void if the cause is not stated in the contract. FALSE
6. Under the consensuality of contracts principle, the contracting parties may

establish such stipulations, clauses, terms and conditions as they may deem
convenient. FALSE (autonomy of contracts principle)
7. An offer made through the agent is accepted from the time acceptance is
communicated to the principal. FALSE (communicated to the agent)
8. Contracts of deposit, pledge and mutuum are not perfected until the delivery of
the object of the obligation. TRUE
9. The illegality of the motives of the parties entering into a contract do not affect
the validity of the contract. FALSE
10. A contract may be voidable even though there may have been no damage to the
contracting parties. TRUE
11. With the intention of raising money to buy a gun which he would use in killing
X, his mortal enemy, S sold his only car for P100,000.00 cash to B who knew
nothing of the intention of S in selling the car. After the sale, S was able to buy a
gun complete with all the papers required by law. B, on the other hand, was able
to register the car in his name at the Land Transportation Office.
a. The sale of the car by S to B is valid provided S does not kill X.

b. The sale of the car by S to B is void if S kills X.
c. The sale of the car by S to B is valid if X does not die.
d. The sale of the car by S to B is void whether S kills X or not.
e. None of the above.
12. On Februrary 1, 2018, Perfecto offered to sell his house and lot to Reynaldo for
P1,500,000.00. Perfecto told Reynaldo that he was giving Reynaldo up to
February 28, 2018 to decide whether to buy or not the house and lot. Reynaldo
accepted the option but did not give anything to Perfecto to support the option
given to him. On February 20, 2018, Perfecto found another buyer who was
ready to buy the house and lot for P2,000,000.00. Perfecto wants to ask you
whether he can still withdraw the offer he made to Reynaldo. Decide.
a. Yes, Perfecto may withdraw the offer because he stands to gain an added
profit of P500,000.00 and this will be more than enough to pay any
damages to Reynaldo.
b. Yes, Perfecto may withdraw the offer by just informing Reynaldo of
such fact.
c. No, Perfecto may not withdraw the offer because the option was accepted
by Reynaldo although Reynaldo did not give anything in support thereof.
d. No, Perfecto may not withdraw his offer until the lapse of the period
given to Reynaldo to exercise his option.
13. A contract of deposit is:

a. Remuneratory contract
b. Gratuitous contract
c. Lucrative contract
d. Onerous contract
e. None of the above
14. The elements of a contract without which a contract would not exist are known
as:
a. Accidental elements
b. Civil elements
c. Natural elements
d. Essential elements
15. The contracting parties may establish such stipulations, clauses, terms and
conditions as they may deem convenient provided, they are not contrary to law,
morals, good customs, public order or public policy. This is known as:
a. Liberty of contract
b. Mutuality of contract
c. Privity of contract
d. Obligatory force of contract
16. One of the following is not a real contract:

a. Pledge
b. Commodatum
c. Deposit
d. Mutuum
17. It is the manifestation of the meaning of the offer and the acceptance upon the
thing and the cause which are to constitute the contract.
a. Consideration
b. Contract
c. Consent
d. Cause
e. Option
18. On May 1, 2020, S offered to sell a specific car to B for P500,000.00. B send his
letter of acceptance to S on May 8, 2020. On May 10, 2020, however, S Died in a
vehicular accident and his secretary received the letter of acceptance on May 12,
2020 unaware that S had already died.
a. The contract was perfected on May 8, 2020 when B sent his letter of
acceptance.
b. The contract was perfected on May 12, 2020 when the secretary of S
received the letter of acceptance.
c. The contract was not perfected because the offer of S became ineffective
when he died.
d. The contract was perfected on May 1, 2020 because the acceptance made
by B on May 8, 2020 retroacts to the date of the offer.
19. Which will not make a contract voidable?

a. Mistake as to the substance of the thing which is the object of the contract.
b. Mistake as to the principal conditions which principally moved one or
both parties to enter into a contract.
c. Mistake as to the identity or qualifications of one of the parties, which
identity or qualifications have been the principal cause of the contract.
d. Simple mistake of account.
20. At this present when one of the contracting parties is compelled by a reasonable
and well-grounded fear of an imminent and grave evil upon his person or
property, or upon the person or property of his spouse, descendance, and
ascendance to give his consent:
a. Violence
b. Physical coercion
c. Undue influence
d. Intimidation
e. Error

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QUIZ 1 CONTRACTS

2. Real contracts are perfected by mere consent. FALSE (delivery)

3. Mistake as to the qualifications of one of the parties vitiates consent. FALSE

4. If fraud was employed in obtaining consent, the contract is voidable. FALSE

6. Under the consensuality of contracts principle, the contracting parties may

a. The sale of the car by S to B is valid provided S does not kill X.

13. A contract of deposit is:

16. One of the following is not a real contract:

19. Which will not make a contract voidable?

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