Onerous contract terms - Study guides, Revision notes & Summaries

S offered to sell to B his house and lot for P10,000,000. In order to pressure B into buying said house and lot, T, a very good friend of S, threatened B with death as a result of which B accepted the offer of S. It turns out now that the market value of the house and lot is P15,000,000. Is the contract of S and B valid? Answer: The contract is voidable because the consent given by B is anyway vitiated even if the intimidation was employed by a third person Ms. Maputi agreed to live with Mr. Huk...

1 PRTC OBLIGATION 1. A mango tree in the land of O is reclining towards the road. All of a sudden, without a storm or an earthquake or even strong wind, the tree falls hitting a car belonging to X causing a P20, 000 damage. The liability of O to X arises from: a. a. Law b. Contract c. Quasi –contract d. Delict e. Quasi – delict 2. The obligation of the employer to pay death benefits and funeral expenses for his employer’s death while in the course of employment as sanctioned by the Workmen...

The following are the requisites of an obligation, except: a. Passive subject, debtor or obligor. - The party who has the right to demand. b. Active subject, creditor or oblige. -the party who is obliged to perform. c. Efficient cause. -legal or juridical tie which binds the parties. d. Demand.Test 1 Multiple Choice 1. The following are the requisites of an obligation, except: a. Passive subject, debtor or obligor. - The party who has the right to demand. b. Active subject, creditor or oblige. -...

FINAL TEXTBOOK LATEST Vol.1 (Partnership and Corporation – Illustrative Approach 1). Definition and Nature of a Partnership A partnership is an association of two or more persons who bind themselves to contribute money, property, or industry to a common fund, with the intention of dividing the profits among themselves ( Civil Code of the Philippines). The partnership is a legal relationship among the contracting parties. This relationship originates from a voluntary contract between them....

WGU D080 Managing in a Global Business Environment, Top Exam Questions and answers, rated A+ The key element of globalization is interdependence and interconnectedness among companies and countries around the globe. Globalism is characterized by an increasing number of worldwide connections, rapid and discontinuous change, an increasing number of diverse participants, and growing complexity. What is globalization? economic: developed economies integrating with developing countries through...

PVL3702 CONTRACT LAW STUDY SUMMARY NOTES. Contract as an agreement intended to create enforceable obligations → A contract is an agreement between two or more parties with the intention of creating enforceable obligations. To constitute an enforceable contract, an agreement must be one which the law recognizes as binding on the parties. → The extra ingredient that distinguishes contracts from non-binding agreements is a serious intention to create legally enforceable obligations (animus cont...

PVL3702 CONTRACT LAW STUDY SUMMARY NOTES. A contract is an agreement between two or more parties with the intention of creating enforceable obligations. To constitute an enforceable contract, an agreement must be one which the law recognizes as binding on the parties. → The extra ingredient that distinguishes contracts from non-binding agreements is a serious intention to create legally enforceable obligations (animus contrahendi). → The absence of an animus contrahendi explains why ...

PVL3702 CONTRACT LAW STUDY SUMMARY NOTES. Contract as an agreement intended to create enforceable obligations → A contract is an agreement between two or more parties with the intention of creating enforceable obligations. To constitute an enforceable contract, an agreement must be one which the law recognizes as binding on the parties. → The extra ingredient that distinguishes contracts from non-binding agreements is a serious intention to create legally enforceable obligations (ani...

TEST 1 Reading Comprehension Concussion A concussion is a traumatic injury to the brain that can interfere with the way the brain processes information and functions. A concussion often results in severe headaches, diminished alertness, and even unconsciousness. While over one million people in the United States suffer concussions every year, many believe that, like people, no two concussions are identical. Recently two professional baseball players suffered concussions. The first player w...

HESI A2 500 Questions & Answers All Sections Covered | 2022 latest update TEST 1 Reading Comprehension Concussion A concussion is a traumatic injury to the brain that can interfere with the way the brain processes information and functions. A concussion often results in severe headaches, diminished alertness, and even unconsciousness. While over one million people in the United States suffer concussions every year, many believe that, like people, no two concussions are identica...