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Questions and Answers
What is the general rule regarding a 3rd person in a contract?
What is the general rule regarding a 3rd person in a contract?
- They have limited rights and obligations under the contract.
- They have full rights and obligations under the contract.
- They have no rights and obligations under the contract. (correct)
- They have rights but no obligations under the contract.
What is the term for a stipulation in a contract that confers a favor upon a 3rd person?
What is the term for a stipulation in a contract that confers a favor upon a 3rd person?
- Contract pour Autrui
- Stipulation Pour Autrui (correct)
- Third Party Benefit
- Contract Beneficence
What is the type of beneficiary that seeks to discharge an obligation due from the promise to the 3rd person?
What is the type of beneficiary that seeks to discharge an obligation due from the promise to the 3rd person?
- Creditor-Beneficiary (correct)
- Donee-Beneficiary
- Third Party Beneficiary
- Promisee-Beneficiary
What is the requirement for a stipulation pour autrui to be valid?
What is the requirement for a stipulation pour autrui to be valid?
What is the exception to the general rule that a 3rd person has no rights and obligations under a contract?
What is the exception to the general rule that a 3rd person has no rights and obligations under a contract?
What is the fundamental principle underlying a contract as stated in Article 1308?
What is the fundamental principle underlying a contract as stated in Article 1308?
What is the consequence of a 3rd person making an evidently inequitable determination in a contract?
What is the consequence of a 3rd person making an evidently inequitable determination in a contract?
Under what condition can a 3rd person demand fulfillment of a contract that contains a stipulation in their favor?
Under what condition can a 3rd person demand fulfillment of a contract that contains a stipulation in their favor?
What is the limitation on the liability of an heir in a contract?
What is the limitation on the liability of an heir in a contract?
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