Law On Obligations And Contracts Quiz Questions And Answers

17 Questions | Total Attempts: 9211

SettingsSettingsSettings
Law On Obligations And Contracts Quiz Questions And Answers - 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
  • 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

Back to Top Back to top
×

Wait!
Here's an interesting quiz for you.

We have other quizzes matching your interest.