Voidable Contracts and Guardian's Sale Quiz
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Questions and Answers

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.

False

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

False

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

False

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

<p>False</p> Signup and view all the answers

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

<p>True</p> Signup and view all the answers

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

<p>False</p> Signup and view all the answers

A contract involving a minor is always considered void.

<p>False</p> Signup and view all the answers

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.

<p>True</p> Signup and view all the answers

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.

<p>False</p> Signup and view all the answers

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

<p>True</p> Signup and view all the answers

Void contracts are always enforceable in court.

<p>False</p> Signup and view all the answers

Rescissible contracts can only be rescinded if there is a clear breach of contract terms.

<p>False</p> Signup and view all the answers

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

<p>True</p> Signup and view all the answers

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

<p>True</p> Signup and view all the answers

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

<p>False</p> Signup and view all the answers

Ratification is not possible for voidable contracts.

<p>False</p> Signup and view all the answers

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

<p>True</p> Signup and view all the answers

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

<p>False</p> Signup and view all the answers

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