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Finals Reviewer
1
OBLIGATION AND CONTRACTS
FINALS REVIEWER
1. What is a contract?
Ans:
Ans:
Requisites:
Ans: Dolo causante and dolo incidente may be distinguished from each other
in the following ways:
2. The first is the cause which induces the party upon whom it is employed in
entering into the contract, whereas the second is not the cause.
3. The effect of the first is to render the contract voidable, whereas the effect
of the second is to render the party who employed it liable for damages.
Ans:
Ans: Whatever may be the form in which a contract may have been entered
into, the general rule, according to Art. 1356 of the NCC, is that it shall be
obligatory provided all of the essential requisites for its validity are present.
Ans: There are four classes of defective contracts under the present NCC.
They are:
1. Rescissible contracts;
2. Voidable Contracts;
Voidable contracts are those in which all of the essential elements for
validity are present, but the element of consent is vitiated either by lack
of legal capacity of one of the contracting parties, or by mistake,
violence, intimidation, undue influence or fraud.
11. What are the formalities which are necessary for the validity of contracts?
Ans:
4. Antichresis.
1. Chattel mortgages;
Ans. There are three (3) ways or modes of convalidating a voidable contract.
They are: (1) by prescription of the action for annulment; (2) by
ratification or confirmation; and (3) by the loss of the thing which is the
object of the contract through the fraud or fault of the person who is entitled
to institute the action for the annulment of the contract.
Ans:
KINDS OF ESTOPPEL
Ans: It depends.
2. If the action does not involve the annulment of a contract, but there was
fraud in the registration of the subject property, then the period of
prescription is ten years from the discovery of the fraud.
4. If the action for reconveyance is in reality an action to quiet title and the
legitimate owner of the subject property which was fraudulently
registered in the name of another had always been in possession thereof
do that the constructive notice rule cannot be applied, then the action is
imprescriptible.
1. In the case of Cui vs. Arellano University, A brought an action to recover the
amount which he paid . Will the action prosper?
Ans.
Yes, the action will prosper. The waiver signed by A is contrary to public
policy, and therefore, null and void. The Supreme Court in one case, had the
occasion to rule that scholarship grants, are awarded in recognition of merit
and not to attract and keep brilliant students in school for their propaganda
value. To look at such grants as a business scheme designed to increase the
business potential of an educational institution is not only inconsistent with
sound policy but also good morals.
Ans.
No. The contract has not been perfected. By express provision of the
law, the contract is perfected only from the moment that the offeror has
knowledge of the acceptance by the offeree. Under the facts stated in the
problem, A received the letter of acceptance at 9:00 A.M. But two (2) hours
before that, at 7:00 A.M., he had already sent the letter to B withdrawing the
offer. Consequently, at 9:00 A.M., although there was acceptance, there was
no longer any offer.
Ans.