Evaluate the following statements: Statement A: All contracts are perfected by mere consent. Statement B: Donation of a real property amounting to P3M may appear in a public instru... Evaluate the following statements: Statement A: All contracts are perfected by mere consent. Statement B: Donation of a real property amounting to P3M may appear in a public instrument for its validity.
Understand the Problem
The question presents two statements related to contract law and property law. Statement A concerns the perfection of contracts, specifically whether all contracts are perfected by mere consent. Statement B concerns the requirements for a valid donation of real property, specifically whether a public instrument is sufficient for a donation of P3M. I need to evaluate the accuracy of each statement separately.
Answer
Both statements are incorrect. Contract perfection varies, and the need for a public instrument in real property donation isn't tied to a specific amount.
Statement A is incorrect because not all contracts are perfected by mere consent; some require delivery or a specific form. Statement B is also incorrect; while donation of real property must be in a public instrument, there is no specific amount that dictates this requirement.
Answer for screen readers
Statement A is incorrect because not all contracts are perfected by mere consent; some require delivery or a specific form. Statement B is also incorrect; while donation of real property must be in a public instrument, there is no specific amount that dictates this requirement.
More Information
In contract law, some contracts require more than just consent for perfection, such as real contracts that require delivery (e.g., pledge, deposit). Donations of immovable property (real property) must be made in a public instrument to be valid, regardless of the value.
Tips
A common mistake is assuming all contracts are perfected by consent alone. Another is thinking a specific monetary value triggers the public instrument requirement for real property donations.
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