Republic of the Philippines
Isabela State University
Cabagan, Isabela
INSTITUTE OF BUSINESS MANAGEMENT
Final Exam in Law on Obligation and Contract
Name: ___________________________________________ Score: ______________
Course/Year/Section: _______________________________ Date: _______________
Part I. MULTIPLE CHOICES. Encircle the correct answer. ERASURES AND ALTERATIONS of any kinds
will not be given points. (2 points each)
1. Except for the following, the incapacitated individuals are
a. Minors
b. Persons under lucid interval
c. Demented persons
d. Deaf-muted who do not know how to write
2. A brief period in which a person who is insane regains enough sanity to be legally able to sign contracts and act
on their own behalf.
a. Insanity
b. Dementia
c. Lucid interval
d. incapacity
3. Any right or property that a person can later acquire through succession that was not present or determinable at
the time of the contract.
a. Present inheritance
b. Future inheritance
c. Legitime
d. None of the above
4. When an individual exploits his control over the desire of another, denying the last option of a sensible
opportunity of decision.
a. Undue influence
b. Fraud
c. Intimidation
d. Violence
5. Is any method used on a party that, given the circumstances, he was unable to resist, controlled his will, and
compelled him to enter into a contract that he otherwise would not have.
a. Undue influence
b. Fraud
c. Intimidation
d. Violence
6. Which does not fall outside the general rule that "lesion or inadequacy of cause shall not invalidate a contract."
a. In cases specified by law
b. When there has been fraud
c. When there has been mistake
d. When there has been violence
7. Elements without which a contract cannot exist.
a. Essential elements
b. Natural elements
c. Accidental elements
d. All of the above
8. When one of the parties to the contract is compelled to give his consent by a reasonable and well-founded fear
of an imminent and grave evil happening to him, his property, or the property of his spouse, descendants, or
, ascendants.
a. Undue influence
b. Illegal threat
c. Intimidation
d. Violence
9. The parties have no intention of being bound by the colorable contract, so it lacks substance.
b. Absolute simulation
c. Real contract
d. Personal contract
10. Merely an offer, an imperfect promise.
a. Consent
b. Policitacion
c. Acceptance
d. Option
11. These components are those without which there can be no agreement.
a. Inherent elements
b. Essential elements
c. Natural elements
d. Accidental elements
12. In 2001, X, a former government worker, was confined to the mental hospital due to severe paranoia. He was
placed under his wife's guardianship following his release to receive his retirement pay. He started working as a
mining prospector in 2004 and sold mining claims. He filed a lawsuit against the annual sale in 2007 claiming
that he lacked mental capacity at the time of the sale. The disputed transaction was:
a. Illegal
b. Valid
c. Voidable
d. Legal
13. The term "qualified acceptance" is used here.
a. Consent
b. Policitacion
c. Counter-offer
d. Option
14. he parties to the contract are compelled to enter into the agreement for the primary or why of the contract.
a. Instrument
b. Consent
c. Object
d. Cause
15. Are those that usually come along with the contract and are derived from its nature.
b. Essential elements
c. Natural elements
d. Accidental elements
16. For P100,000, X offered to sell Y his house. Y inquires whether he will accept P80,000. Which of the following
statements is true?
a. Because of ambiguity, both offers are terminated by operation of law.
b. Ys response is a counter-offer effectively terminating the P100,000 offer and instigating an offer of
P80,000.
c. Ys response is a rejection of the P100,000 offer, and there is no offer of P80,000 because it is too definite to
be an offer
d. Ys response is a mere inquiry, the P100,000 offer by X is still there.
17. Is a unilateral proposal made by one party to another for the purpose of celebrating a contract's completion.
a. Acceptance
b. Perfection
c. Consent
d. Offer
18. A person commits acts of service or representation on behalf of another person with that person's permission or
authority.
Isabela State University
Cabagan, Isabela
INSTITUTE OF BUSINESS MANAGEMENT
Final Exam in Law on Obligation and Contract
Name: ___________________________________________ Score: ______________
Course/Year/Section: _______________________________ Date: _______________
Part I. MULTIPLE CHOICES. Encircle the correct answer. ERASURES AND ALTERATIONS of any kinds
will not be given points. (2 points each)
1. Except for the following, the incapacitated individuals are
a. Minors
b. Persons under lucid interval
c. Demented persons
d. Deaf-muted who do not know how to write
2. A brief period in which a person who is insane regains enough sanity to be legally able to sign contracts and act
on their own behalf.
a. Insanity
b. Dementia
c. Lucid interval
d. incapacity
3. Any right or property that a person can later acquire through succession that was not present or determinable at
the time of the contract.
a. Present inheritance
b. Future inheritance
c. Legitime
d. None of the above
4. When an individual exploits his control over the desire of another, denying the last option of a sensible
opportunity of decision.
a. Undue influence
b. Fraud
c. Intimidation
d. Violence
5. Is any method used on a party that, given the circumstances, he was unable to resist, controlled his will, and
compelled him to enter into a contract that he otherwise would not have.
a. Undue influence
b. Fraud
c. Intimidation
d. Violence
6. Which does not fall outside the general rule that "lesion or inadequacy of cause shall not invalidate a contract."
a. In cases specified by law
b. When there has been fraud
c. When there has been mistake
d. When there has been violence
7. Elements without which a contract cannot exist.
a. Essential elements
b. Natural elements
c. Accidental elements
d. All of the above
8. When one of the parties to the contract is compelled to give his consent by a reasonable and well-founded fear
of an imminent and grave evil happening to him, his property, or the property of his spouse, descendants, or
, ascendants.
a. Undue influence
b. Illegal threat
c. Intimidation
d. Violence
9. The parties have no intention of being bound by the colorable contract, so it lacks substance.
b. Absolute simulation
c. Real contract
d. Personal contract
10. Merely an offer, an imperfect promise.
a. Consent
b. Policitacion
c. Acceptance
d. Option
11. These components are those without which there can be no agreement.
a. Inherent elements
b. Essential elements
c. Natural elements
d. Accidental elements
12. In 2001, X, a former government worker, was confined to the mental hospital due to severe paranoia. He was
placed under his wife's guardianship following his release to receive his retirement pay. He started working as a
mining prospector in 2004 and sold mining claims. He filed a lawsuit against the annual sale in 2007 claiming
that he lacked mental capacity at the time of the sale. The disputed transaction was:
a. Illegal
b. Valid
c. Voidable
d. Legal
13. The term "qualified acceptance" is used here.
a. Consent
b. Policitacion
c. Counter-offer
d. Option
14. he parties to the contract are compelled to enter into the agreement for the primary or why of the contract.
a. Instrument
b. Consent
c. Object
d. Cause
15. Are those that usually come along with the contract and are derived from its nature.
b. Essential elements
c. Natural elements
d. Accidental elements
16. For P100,000, X offered to sell Y his house. Y inquires whether he will accept P80,000. Which of the following
statements is true?
a. Because of ambiguity, both offers are terminated by operation of law.
b. Ys response is a counter-offer effectively terminating the P100,000 offer and instigating an offer of
P80,000.
c. Ys response is a rejection of the P100,000 offer, and there is no offer of P80,000 because it is too definite to
be an offer
d. Ys response is a mere inquiry, the P100,000 offer by X is still there.
17. Is a unilateral proposal made by one party to another for the purpose of celebrating a contract's completion.
a. Acceptance
b. Perfection
c. Consent
d. Offer
18. A person commits acts of service or representation on behalf of another person with that person's permission or
authority.
