Law On Obligations And Contracts Quiz Questions And Answers

17 Questions | By Munkymunky | Last updated: May 12, 2022 | Total Attempts: 9211

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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

1.

Another requisite of law is the existence of a/n
- A.
  
  Exemption
- B.
  
  Subject
- C.
  
  Consent
- D.
  
  Sanction/ Punishment
2.

Any contracting party who violates a valid contract may be sued to comply and may also be asked to pay _________ to the aggrieved party.
3.

_________ is failure to disclose facts,when there is duty to reveal them, as when the parties are bound by confidential relations.
- A.
  
  Fraud
- B.
  
  Neglect
- C.
  
  Mistake
- D.
  
  Incompetence
4.

_______ is the agreement of the will of one contracting party with that of another or others, upon the object and terms of the contract
- A.
  
  Consent
- B.
  
  Contract
- C.
  
  Approval
- D.
  
  Offer
5.

An offer made through _________ is accepted from the time acceptance is communicated to him
- A.
  
  Verbal agreement
- B.
  
  A contract
- C.
  
  An agent
- D.
  
  A lucid interval
6.

Contracts shall be obligatory in whatever form it may have been entered into provided all the essential _________ for their validity are present
7.

The law on contracts is provided for in ___ of the New Civil Code of the Philippines.
- A.
  
  R.A. 8534
- B.
  
  R.A. 364
- C.
  
  R.A. 386
- D.
  
  R.A. 324
8.

The basic principle that ignorance of the law shall excuse no one from compliance is embodied in __________.
- A.
  
  Article 3 of NCC
- B.
  
  Article 1156
- C.
  
  Article 5 of NCC
- D.
  
  Article 1305
9.

A contract is considered _____ when given through mistake, violence intimidation, undue influence or fraud.
- A.
  
  Void
- B.
  
  Valid
- C.
  
  Conditional
- D.
  
  Compellable
10.

________ is an unconscious ignorance or forgetfulness of the existence or non-existence of a fact, past pr present, material to the contract.
- A.
  
  Neglect
- B.
  
  Incompetence
- C.
  
  Fraud
- D.
  
  Mistake
11.

There is _____ when in order to wrest consent, serious or irresistible force is employed.
- A.
  
  Threat
- B.
  
  Violence
- C.
  
  Fraud
- D.
  
  Intimidation
12.

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.
- A.
  
  Threat
- B.
  
  Intimidation
- C.
  
  Violence
- D.
  
  Mistake
13.

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 ___________.
- A.
  
  NCC Article 1308
- B.
  
  NCC Article 1305
- C.
  
  NCC Article 1307
- D.
  
  NCC Article 3
14.

In _________, there is intent to evade the normal fulfillment of a pre-existing obligation.
- A.
  
  Fraud
- B.
  
  Murder
- C.
  
  Robbery
- D.
  
  Marriage
15.

___________ consists in the omission of that diligence which is required by the nature of the obligation.
- A.
  
  Negligence
- B.
  
  Delay
- C.
  
  Mistake
- D.
  
  None of the above
16.

_________ on the part of the debtor begins from the time of judicial or extrajudicial demand by the creditor for the fulfillment of the obligation.
- A.
  
  Mistake
- B.
  
  Delay
- C.
  
  Incomplete payment
- D.
  
  None of the above
17.

_______ is a rule of conduct, just, obligatory, and laid down by a legitimate power.
- A.
  
  Law
- B.
  
  Crime
- C.
  
  Judiciary
- D.
  
  None of the above