Podcast
Questions and Answers
A contract is ______ if it is not contrary to law, morals, good customs, public order, and public policy.
A contract is ______ if it is not contrary to law, morals, good customs, public order, and public policy.
valid
A contract is ______ if it is contrary to law, morals, good customs, public order, or public policy.
A contract is ______ if it is contrary to law, morals, good customs, public order, or public policy.
invalid
In the eyes of the law, a ______ contract does not exist.
In the eyes of the law, a ______ contract does not exist.
void
Where a contract requires approval by the government, it becomes the law between the contracting parties only when ______.
Where a contract requires approval by the government, it becomes the law between the contracting parties only when ______.
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Good faith and fair dealing must be observed to prevent one party from taking unfair advantage over the ______.
Good faith and fair dealing must be observed to prevent one party from taking unfair advantage over the ______.
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Compliance in good faith means compliance or performance in accordance with the stipulations or terms of the ______.
Compliance in good faith means compliance or performance in accordance with the stipulations or terms of the ______.
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Evasion by a party of legitimate ______ after receiving the benefits under the contract would constitute unjust enrichment on his part.
Evasion by a party of legitimate ______ after receiving the benefits under the contract would constitute unjust enrichment on his part.
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Although the contract imposes no ______ for its violation, a party cannot breach it with impunity.
Although the contract imposes no ______ for its violation, a party cannot breach it with impunity.
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The failure of either party to a contract to demand performance of the obligation of the other for an unreasonable length of time may render the contract ______ where the contract does not provide for the period within which the parties may demand the performance of their respective undertakings.
The failure of either party to a contract to demand performance of the obligation of the other for an unreasonable length of time may render the contract ______ where the contract does not provide for the period within which the parties may demand the performance of their respective undertakings.
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Interest may, in the discretion of the court, on equitable grounds, be allowed upon ______ awarded for breach of contract.
Interest may, in the discretion of the court, on equitable grounds, be allowed upon ______ awarded for breach of contract.
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The mere failure of a party to respond to a demand letter in the absence of other circumstances making an answer requisite or natural does not constitute an implied ______ of liability.
The mere failure of a party to respond to a demand letter in the absence of other circumstances making an answer requisite or natural does not constitute an implied ______ of liability.
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Our law on contracts recognizes the principle that actionable ______ inheres in every contractual breach.
Our law on contracts recognizes the principle that actionable ______ inheres in every contractual breach.
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A contract is a meeting of minds between two persons whereby one binds himself, with respect to the other, to give something or to render some ______.
A contract is a meeting of minds between two persons whereby one binds himself, with respect to the other, to give something or to render some ______.
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Valid contracts have the force of ______ between the parties who are bound to comply therewith in good faith.
Valid contracts have the force of ______ between the parties who are bound to comply therewith in good faith.
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There is an implied ______ when property is sold, and the legal estate is granted to one party but the price is paid by another for the purpose of having the beneficial interest of the property.
There is an implied ______ when property is sold, and the legal estate is granted to one party but the price is paid by another for the purpose of having the beneficial interest of the property.
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A contract is the formal expression by the parties of their ______ and obligations they have agreed upon with respect to each other.
A contract is the formal expression by the parties of their ______ and obligations they have agreed upon with respect to each other.
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Once perfected, valid contracts have the ______ of law between the parties who are bound to comply therewith in good faith.
Once perfected, valid contracts have the ______ of law between the parties who are bound to comply therewith in good faith.
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Absent any allegation that it is contrary to ______, morals, good customs, public order, or public policy.
Absent any allegation that it is contrary to ______, morals, good customs, public order, or public policy.
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