Law on Obligation and Contracts (Final Examination) EXAM
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COMPLETE REAL EXAM QUESTIONS AND CORRECT ANSWERS
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in an offer to sell, parties failed to agree on the size of the land to be
sold. Is there a meeting of the minds of the parties that would perfect a
contract?
a. there is no consent that would perfect a contract as there is no
agreement on the exact area to be sold
b. there is consent because the land is still identified
c. there is consent because there is agreement to sell and to buy
d. the information given is insufficient to answer the question -
ANSWERS-a. there is no consent that would perfect a contract as there
is no agreement on the exact area to be sold
under this theory, a contract is perfected from the moment the
acceptance is declared or made
a. expedition theory
b. reception theory
,c. manifestation theory
d. cognition theory -ANSWERS-c. manifestation theory
In the Philippines, which theory on perfection of contracts is followed?
a. cognition theory
b. reception theory
c. expedition theory
d. manifestation theory -ANSWERS-a. cognition theory
On March 5 1956, A wrote a letter to B offering him the lease of a
building. On march 6, 1956, at 1pm, B sent a letter of acceptance which
was received by A at 4pm that day. But at 2pm, A had already sent B a
letter of withdrawal of the offer which was received by B at 5pm. When
was the contract perfected?
a. 1pm
b. 4pm
c. 2pm
d. the contract has not been perfected -ANSWERS-d. the contract has
not been perfected
what is the effect of the death, civil interdiction, insanity, or insolvency
of the either the offeror or the offeree before acceptance is conveyed?
,a. the offer becomes ineffective
b. the offer is still effective
c. as against the offeror only, the offer becomes ineffective
d. as against the offeree only, the offer becomes ineffective -ANSWERS-
a. the offer becomes ineffective
a contract entered into by a minor who misrepresents his age is
a. void
b. voidable
c. unenforceable
d. valid -ANSWERS-b. voidable
a contract entered into by and between two deaf-mutes is
a. void
b. voidable
c. unenforceable
d. valid -ANSWERS-d. valid
a contract entered into by and between two persons of who both
insane is
, a. void
b. voidable
c. unenforceable
d. valid -ANSWERS-c. unenforceable
if a person prohibited to enter into a contract, enters into a contract,
such contract is
a. void
b. voidable
c. unenforceable
d. valid -ANSWERS-a. void
what is the difference between a mistake of fact and a mistake of law?
a. a mistake of law vitiates consent which renders a contract voidable;
while a mistake of fact does not render a contract voidable
b. both mistakes of fact and of law render a contract voidable
c. both mistakes of fact and of law do not render a contract voidable
d. a mistake of fact vitiates consent which renders a contract voidable;
while a mistake of law does not render a contract voidable -ANSWERS-
(LATEST) || MOST RECENT EXAM 2026|2027 ACTUAL
COMPLETE REAL EXAM QUESTIONS AND CORRECT ANSWERS
(VERIFIED ANSWERS) ALREADY GRADED A+ | GUARANTEED
SUCCESS!! NEWEST EXAM | JUST RELEASED!!
in an offer to sell, parties failed to agree on the size of the land to be
sold. Is there a meeting of the minds of the parties that would perfect a
contract?
a. there is no consent that would perfect a contract as there is no
agreement on the exact area to be sold
b. there is consent because the land is still identified
c. there is consent because there is agreement to sell and to buy
d. the information given is insufficient to answer the question -
ANSWERS-a. there is no consent that would perfect a contract as there
is no agreement on the exact area to be sold
under this theory, a contract is perfected from the moment the
acceptance is declared or made
a. expedition theory
b. reception theory
,c. manifestation theory
d. cognition theory -ANSWERS-c. manifestation theory
In the Philippines, which theory on perfection of contracts is followed?
a. cognition theory
b. reception theory
c. expedition theory
d. manifestation theory -ANSWERS-a. cognition theory
On March 5 1956, A wrote a letter to B offering him the lease of a
building. On march 6, 1956, at 1pm, B sent a letter of acceptance which
was received by A at 4pm that day. But at 2pm, A had already sent B a
letter of withdrawal of the offer which was received by B at 5pm. When
was the contract perfected?
a. 1pm
b. 4pm
c. 2pm
d. the contract has not been perfected -ANSWERS-d. the contract has
not been perfected
what is the effect of the death, civil interdiction, insanity, or insolvency
of the either the offeror or the offeree before acceptance is conveyed?
,a. the offer becomes ineffective
b. the offer is still effective
c. as against the offeror only, the offer becomes ineffective
d. as against the offeree only, the offer becomes ineffective -ANSWERS-
a. the offer becomes ineffective
a contract entered into by a minor who misrepresents his age is
a. void
b. voidable
c. unenforceable
d. valid -ANSWERS-b. voidable
a contract entered into by and between two deaf-mutes is
a. void
b. voidable
c. unenforceable
d. valid -ANSWERS-d. valid
a contract entered into by and between two persons of who both
insane is
, a. void
b. voidable
c. unenforceable
d. valid -ANSWERS-c. unenforceable
if a person prohibited to enter into a contract, enters into a contract,
such contract is
a. void
b. voidable
c. unenforceable
d. valid -ANSWERS-a. void
what is the difference between a mistake of fact and a mistake of law?
a. a mistake of law vitiates consent which renders a contract voidable;
while a mistake of fact does not render a contract voidable
b. both mistakes of fact and of law render a contract voidable
c. both mistakes of fact and of law do not render a contract voidable
d. a mistake of fact vitiates consent which renders a contract voidable;
while a mistake of law does not render a contract voidable -ANSWERS-
