RFBT Contracts UPDATED ACTUAL Questions and CORRECT Answers
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Course
RFBT Contracts
Institution
RFBT Contracts
RFBT Contracts UPDATED ACTUAL
Questions and CORRECT Answers
Relativity of contract - CORRECT ANSWER- The contract is binding only upon the
contracting parties and their successors or assignees and third persons are not generally
allowed to assail a contract.
Obligatory force of contract - C...
RFBT Contracts UPDATED ACTUAL
Questions and CORRECT Answers
Relativity of contract - CORRECT ANSWER- ✔✔The contract is binding only upon the
contracting parties and their successors or assignees and third persons are not generally
allowed to assail a contract.
Obligatory force of contract - CORRECT ANSWER- ✔✔The contractual provisions
constitute the law b/w the parties and should be complied with in good faith.
Mutuality of Contract - CORRECT ANSWER- ✔✔The validity and performance of contract
cannot be left to the will of only one of the parties but must be mutually decided by all
contracting parties.
Autonomy of Contract - CORRECT ANSWER- ✔✔The parties may establish such
stipulations, clauses, terms, and conditions as they may deem convenient provided not
contrary to lw, morals, good customs, etc.
Real contract - CORRECT ANSWER- ✔✔A contract perfected by the delivery of the object
of the contract.
Solemn or Formal Contract - CORRECT ANSWER- ✔✔A contract which must be in the
form provided by law for their perfection.
Onerous Contract - CORRECT ANSWER- ✔✔A contract whereby there is an exchange of
valuable consideration.
Gratuitous Contract - CORRECT ANSWER- ✔✔A contract whereby one party receives no
equivalent consideration.
Remuneratory Contract - CORRECT ANSWER- ✔✔A contract whereby the cause is the
service or benefit remunerated.
, Accessory Contract - CORRECT ANSWER- ✔✔A contract whose existence depends upon
another contract.
Preparatory Contract - CORRECT ANSWER- ✔✔A contract which serves as a means by w/c
other contracts may be entered into.
Nominate Contract - CORRECT ANSWER- ✔✔A contract which has a name under the Civil
Code or special law.
Auto-contract - CORRECT ANSWER- ✔✔A contract wherein one person contracts with
himself.
Contract of adhesion - CORRECT ANSWER- ✔✔A contract wherein the provisions have
been drafted giving one party an unequal bargaining power.
Stipulation pour autrui - CORRECT ANSWER- ✔✔A stipulation which is considered an
exception to the relativity of contract
Manifestation Theory - CORRECT ANSWER- ✔✔This theory states that the contract is
perfected from the moment the acceptancr is declared or made.
Expedition Theory - CORRECT ANSWER- ✔✔This theory states that the contract is
perfected from the moment the offeree transmits the notification of acceptance to the offeror.
This is used in the US.
Reception Theory - CORRECT ANSWER- ✔✔This theory states that the contract is
perfected from the moment that the notification of acceptance is in the hands of the offeror.
Cognitive Theory - CORRECT ANSWER- ✔✔This is the theory followed in the Philippinrs
whereby the contract is perfected from the moment the offeree's acceptance comes to the
knowledge of the offeror.
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