Voidable Contracts and Guardian's Sale Quiz

Contracts entered into in fraud of creditors are only presumed fraudulent when the debtor reserves sufficient property to pay all debts contracted before the donation.

Alienations by onerous title cannot be presumed fraudulent even if made by persons against whom some judgment has been issued.

All contracts referring to things under litigation are automatically rescissible, regardless of approval from competent judicial authority.

A contract of sale entered into in violation of a right of first refusal of another person is both valid and irrevocable.

To demand rescission, the party must have no other legal means to obtain reparation for damages suffered.

If the object of the contract has legally passed to a third person acting in good faith, rescission is still possible under certain conditions.

A contract involving a minor is always considered void.

A contract entered into by a guardian on behalf of a minor can be rescissible if the minor suffers a lesion of more than one-fourth of the value of the object involved.

If a contract is entered into in fraud of creditors and they cannot collect their claims in any other manner, the contract is considered voidable.

A contract where one party misrepresented their authority to enter into the agreement can be classified as an unenforceable contract.

Void contracts are always enforceable in court.

Rescissible contracts can only be rescinded if there is a clear breach of contract terms.

A voidable contract is always considered binding, unless it is annulled by a proper action in court.

A contract where consent is vitiated by mistake, violence, intimidation, undue influence, or fraud is considered voidable.

Minors, insane individuals, and persons in a state of drunkenness can give valid consent to a contract.

Ratification is not possible for voidable contracts.

Mistake of fact can render a contract voidable, while mistake of law cannot.

Voidable contracts are always automatically considered null and void without the need for any legal action.