Contract - T/F Questions and answers.

Contract - T/F
False - ✔✔A contract where both parties are incapable of giving consent is voidable.

False - ✔✔A party who employed violence, intimidation, undue influence, or fraud, or who caused
mistake may bring an action to annul the contract on any such ground.

False - ✔✔A relatively simulated contract is void.

False - ✔✔A simple mistake in the computation in a contract will render the contract voidable.

False - ✔✔A threat to enforce one's claim through competent authority, although the claim is just or
legal, is intimidation and vitiates consent.

False - ✔✔A void contract may be ratified.

False - ✔✔An offer made through an agent is accepted from the time acceptance is communicate to
the principal by the agent.

False - ✔✔Business advertisements of things for sale are definite offers unless it appears otherwise.
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False - ✔✔Failure to disclosefacts, when there is a duty to reveal them, as when the parties are
bound by confidential relations, does not constitute fraud.

False - ✔✔If a party ratifies a voidable contract, he can still subsequently ask for its annulment.

False - ✔✔If an illegal contract constitutes a criminal offense and both parties are guilty, both shall
be criminally prosecuted but they may keep the object of the contract.

False - ✔✔Mutual error as to the legal effect of an agreement even if the real purpose of the parties
is frustrated does not vitiate consent since ignorance of the law excuses no one from compliance
therewith.

False - ✔✔Ratification cleanses the contract from all its defects from the moment the ratification was
made.

False - ✔✔Ratification requires the conformity of the contracting parties who has no right to bring the
action for annulment.

, False - ✔✔Reformation is a remedy availed of to express the real intent of the parties to a contract
whether oral or written.

False - ✔✔Rescission cannot takes place when the object of the contract is legally in the possession
of 3rd persons who acted in bad faith.

False - ✔✔The action for rescission must be commenced within 3 years.

False - ✔✔The illegality of the motive of a party to a contract renders the contract void

False - ✔✔The right to set up defense or illegality of a contract may be waived.

False - ✔✔Violence or intimidation employed by a 3rd person upon a contracting party does not
vitiate consent.

True - ✔✔A contract entered into in the name of another without authority is unenforceable against
the latter.

True - ✔✔A contract is rendered voidable although a party gave his consent because of a
reasonable and well-grounded fear of imminent and grave evil upon the property of his descendant.
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True - ✔✔A contract which is the direct result of a previous illegal contract is also void and inexistent.

True - ✔✔A mere expression of an opinion does not signify fraud if not made by an expert although
the party has relied on the knowledge of the said person expressing the opinion.

True - ✔✔A party may recover, if public interest will be subserved, money or property delivered by
him for an illegal purpose, provided that he repudiates the contract before the purpose has been
accomplished.

True - ✔✔A voidable contract is binding until it is annulled by a proper action in court.

True - ✔✔Acceptance of a contract by letter or telegram does not bind the offerer except from the
time it came to his knowledge.

True - ✔✔Alienation by gratuitous title are presumed fraudulent if the donor did not reserve sufficient
property to pay off debts contracted before the donation.

True - ✔✔Although the cause is not stated in the contract, it is presumed that it exists and is lawful,
unless the debtor proves the contrary.