Podcast Beta
Questions and Answers
What is the definition of a contract according to Atty. Selwin Mangalos Prada?
Which of the following is NOT an essential element of a contract?
What characteristic allows parties to establish stipulations and conditions as they deem convenient in a contract?
What type of obligations arise from contracts?
Signup and view all the answers
Which type of characteristics for contracts exist only when the parties expressly provide for them for the purpose of limiting or modifying the normal effects of the contract?
Signup and view all the answers
What is the general rule for the perfection of contracts?
Signup and view all the answers
In what circumstances can an offer or proposal be withdrawn?
Signup and view all the answers
What constitutes a qualified acceptance of an offer?
Signup and view all the answers
Under what circumstances can acceptance of an offer be revoked?
Signup and view all the answers
Which condition makes a contract voidable due to vices of consent?
Signup and view all the answers