10 Questions
What is the significance of good faith in contracts?
It is a factor in interpreting the contract's nature and consequences
What is required for contracts to be perfected?
Mere consent
What is unique about real contracts, such as deposit, pledge, and commodatum?
They are not perfected until the delivery of the object of the obligation
What is the role of usage in contracts?
It is a factor in interpreting the contract's nature and consequences
What is the consequence of mere consent in contracts?
The parties are bound to the fulfillment of what has been expressly stipulated and all the consequences which may be in keeping with good faith, usage and law
A contract can be binding on one party but not on the other.
False
A third person's decision on contract performance is immediately binding on both parties.
False
If a third person's decision on contract performance is inequitable, the courts have no authority to intervene.
False
Contracts can affect anyone, even if they are not a party to the contract.
False
An heir is fully liable for the obligations of the decedent, even if they exceed the value of the property inherited.
False
Test your understanding of contracts and obligations, including the moment of perfection, consequences, and delivery of objects. Learn about the principles of good faith, usage, and law in contractual agreements.
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