Law On Obligations And Contracts Quiz Questions And Answers

Approved & Edited by ProProfs Editorial Team

The editorial team at ProProfs Quizzes consists of a select group of subject experts, trivia writers, and quiz masters who have authored over 10,000 quizzes taken by more than 100 million users. This team includes our in-house seasoned quiz moderators and subject matter experts. Our editorial experts, spread across the world, are rigorously trained using our comprehensive guidelines to ensure that you receive the highest quality quizzes.

Learn about Our Editorial Process

| By KC Villamar

KC Villamar, Interior Designer

Karenina is a professional Interior Designer who completed her education at the esteemed Philippine School of Interior Design, equipping her with the knowledge and skills for creative and functional design work.

Quizzes Created: 5 | Total Attempts: 14,051

Questions: 17 | Attempts: 12,970 | Updated: May 12, 2023

Quiz Flashcard

Questions

Settings

Feedback

During the Quiz End of Quiz

Difficulty

Sequential Easy First Hard First

Create your own Quiz

Here is an incredible 'law on obligations and contracts quiz' that consists of some really interesting and useful obligations and contract questions. When it comes to a written statement that one must sign or stamp there are a lot of things that can go wrong and someone needs to know the consequences of a contract that goes sour before signing it. Take this quiz and see how well you understand the law of contracts.

Questions and Answers

Quiz Review Timeline +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

Current Version
May 12, 2023

Quiz Edited by
ProProfs Editorial Team
Aug 06, 2010

Quiz Created by
KC Villamar

Law On Obligations And Contracts Quiz Questions And Answers

Contracts shall be obligatory in whatever form it may have been entered into provided all the essential _________ for their validity are present

The law on contracts is provided for in ___ of the New Civil Code of the Philippines.

The basic principle that ignorance of the law shall excuse no one from compliance is embodied in __________.

In _________, there is intent to evade the normal fulfillment of a pre-existing obligation.

___________ consists in the omission of that diligence which is required by the nature of the obligation.

_________ on the part of the debtor begins from the time of judicial or extrajudicial demand by the creditor for the fulfillment of the obligation.

Another requisite of law is the existence of a/n

_______ is a rule of conduct, just, obligatory, and laid down by a legitimate power.

Any contracting party who violates a valid contract may be sued to comply and may also be asked to pay _________ to the aggrieved party.

A contract is considered _____ when given through mistake, violence intimidation, undue influence or fraud.

________ is an unconscious ignorance or forgetfulness of the existence or non-existence of a fact, past pr present, material to the contract.

There is _____ when in order to wrest consent, serious or irresistible force is employed.

_________ is failure to disclose facts,when there is duty to reveal them, as when the parties are bound by confidential relations.

There is ________ 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, descendants or ascendants, to give his consent.

The meeting of minds between two persons whereby one binds himself, with respect to the other something or to render some service is defined under ___________.

_______ is the agreement of the will of one contracting party with that of another or others, upon the object and terms of the contract

An offer made through _________ is accepted from the time acceptance is communicated to him