5 Questions
A contract's validity can be left to the will of one of the contracting parties.
False
A third person's decision on the performance of a contract is immediately binding on both parties.
False
A court's decision on what is equitable in a contract supersedes the determination of a third person.
True
Heirs are always liable for the full extent of the contract's obligations, regardless of the value of the property they received.
False
Contracts can take effect on people who are not parties to the contract, their assigns, or heirs, in certain circumstances.
False
Test your understanding of contracts and obligations with these articles from the civil code. Learn about the validity and compliance of contracts and the role of third parties in determining performance. Explore the concepts of equitable decisions and court intervention.
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