Contract Essentials

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Questions and Answers

Which of the following is NOT an essential element of a contract?

  • Cause or consideration
  • Object
  • Warranty of hidden defects (correct)
  • Consent of the contracting parties

What is the definition of a contract according to Article 1305?

  • An exchange of goods or services
  • A reciprocal agreement
  • A meeting of minds between two persons (correct)
  • A legally binding agreement

Which elements are considered natural elements in a contract?

  • Essential elements
  • Warranty of hidden defects and eviction (correct)
  • Consent, object, and cause or consideration
  • Accidental elements

What are the essential elements of a contract?

<p>Consent, object, and cause or consideration (C)</p> Signup and view all the answers

What is the purpose of accidental elements in a contract?

<p>To expand the contract (B)</p> Signup and view all the answers

Which element is NOT considered an essential element of a contract?

<p>Accidental (D)</p> Signup and view all the answers

What is the purpose of natural elements in a contract?

<p>To protect the rights of the parties involved (C)</p> Signup and view all the answers

According to Article 1305, what is the definition of a contract?

<p>A meeting of minds between two persons (B)</p> Signup and view all the answers

What are the essential elements of a contract?

<p>Consent, object, and consideration (C)</p> Signup and view all the answers

What are the natural elements found in a contract?

<p>Warranty of hidden defects or eviction in contract of sale (C)</p> Signup and view all the answers

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