Podcast
Questions and Answers
What is the main reason why an individual does not have absolute right to enter into any kind of contract?
What is the main reason why an individual does not have absolute right to enter into any kind of contract?
- Because it is limited by law, morals, customs, and public policy (correct)
- Because it is a contractual right
- Because it is a statutory right
- Because it is a liberty guaranteed by the constitution
Which of the following is considered a nominate contract?
Which of the following is considered a nominate contract?
- FACTO UT FACIAS contract
- Commodatum contract (correct)
- Innominate contract
- DO UT DES (Barter) contract
What is the primary purpose of public policy in relation to contracts?
What is the primary purpose of public policy in relation to contracts?
- To promote the common good (correct)
- To limit the freedom of contract
- To enforce customs and traditions
- To ensure public safety
According to Article 1307, what is the basis of governance for innominate contracts?
According to Article 1307, what is the basis of governance for innominate contracts?
What is the primary characteristic of an innominate contract?
What is the primary characteristic of an innominate contract?
What is the primary requisite of a contract?
What is the primary requisite of a contract?
What is the relation that exists after a contract has been entered?
What is the relation that exists after a contract has been entered?
What is the stage where parties have a meeting of minds and come to an agreement?
What is the stage where parties have a meeting of minds and come to an agreement?
What is true about contracting parties according to Article 1306?
What is true about contracting parties according to Article 1306?
What is true about all contracts?
What is true about all contracts?
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