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Questions and Answers
A contract is a meeting of the minds between three persons.
False
According to Art. 1305, a contract binds one party to give something or to render some service.
True
Autonomy of Contracts allows the contracting parties to establish any stipulations, terms, and conditions without any restrictions.
False
Mutuality of contracts means that the validity or compliance of the contract can be left to the will of one party.
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If a minor enters into a contract, it is considered voidable.
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Incapacitated individuals, such as those with unsound mind, do not have the capacity to enter into valid contracts.
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An offer becomes ineffective upon the death, civil interdiction, insanity, or insolvency of either party after acceptance is conveyed.
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All parties in a contract must possess the necessary legal capacity as one of the requisites of consent.
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A qualified acceptance constitutes the acceptance of the original offer in a contract.
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Void contracts may have missing essential elements without affecting their validity.
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According to Art. 1325, once an offer has been made and accepted, it cannot be revoked by the offeror.
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Minors are considered to possess the necessary legal capacity to enter into contracts.
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A business advertisement of things for sale is considered a definite offer under Art. 1326.
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Insane persons and deaf-mutes who do not know how to read and write can give consent to a contract.
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Contracts entered into during a state of drunkenness are valid.
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One of the requisites of a valid object of a contract is that it must be impossible.
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The cause of a contract must exist at the time of the celebration of the contract according to Art. 1353.
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Contracts without cause produce full legal effects according to Art. 1352.
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