Law of Contract: Chapter 2 Quiz
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Questions and Answers

According to the Civil Code, how is a contract defined?

  • A financial agreement between two or more parties
  • A verbal agreement between multiple parties
  • An agreement that leads to the transfer of property
  • An agreement between two or more persons creating, varying, or extinguishing an obligation of a proprietary nature (correct)
  • What is the minimum number of persons required to form a contract?

  • One
  • Three
  • Depends on the type of contract
  • Two (correct)
  • Which term best represents the legal principle of mutual consent in a contract?

  • Contractual Consent Rule
  • Intentio Obligandi (correct)
  • Proprietary Obligation
  • Agreement of Minds
  • In which type of contract can an exception be made regarding the principle of not concluding a contract with oneself?

    <p>Contract of agency</p> Signup and view all the answers

    What is the basis of classifying contractual obligation and legal obligation?

    <p>The source of the obligation</p> Signup and view all the answers

    Which type of obligation involves showing due diligence without the expectation of achieving a specific result?

    <p>Obligation of diligence</p> Signup and view all the answers

    What is an example of a pure legal obligation?

    <p>The obligation to pay tax</p> Signup and view all the answers

    Under what circumstance does an extra (non-contractual) obligation arise?

    <p>Due to the fault of a person</p> Signup and view all the answers

    What type of obligation involves a determined result expected from the person under such obligation?

    <p>Obligation of result</p> Signup and view all the answers

    What creates a relationship between the contracting parties and prohibits them from creating obligations on third parties that may not be beneficial?

    <p>Law of Agency</p> Signup and view all the answers

    Study Notes

    Contract Definition and Formation

    • A contract is defined by the Civil Code.
    • A minimum of two persons are required to form a contract.
    • The term that best represents the legal principle of mutual consent in a contract is "consent".

    Exceptions to Contract Principles

    • An exception to the principle of not concluding a contract with oneself can be made in the case of a unilateral contract.

    Classification of Obligations

    • Contractual obligations and legal obligations are classified based on the basis of their origin.

    Types of Obligations

    • Obligations of means involve showing due diligence without the expectation of achieving a specific result.
    • Example of a pure legal obligation: obligation to pay taxes.
    • Obligations of result involve a determined result expected from the person under such obligation.

    Extra-Contractual Obligations

    • An extra (non-contractual) obligation arises in cases of liability for damages or injuries caused to others.

    Relationship Between Contracting Parties

    • A contractual relationship creates a relationship between the contracting parties and prohibits them from creating obligations on third parties that may not be beneficial.

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    Description

    Test your understanding of Chapter 2 on the law of contract which explores the definition and regulation of consensual relations among individuals through legal mechanisms. This quiz covers the fundamental concepts and principles of contracts.

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