Law on Obligations and Contracts QUESTIONS ONLY| 2022 UPDATE
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LAW
Instelling
Polytechnic University Of The Philippines
Special Qualifying Exam (SQE)
Reviewer
Examination: Law
Subject Covered: LAW 20013: Law on Obligations and Contracts
1. Voidable contracts are contracts which are valid unless:
a) Annulled
b) Entered into when one of the parties is a minor
c) Physical coercion vitiates consent
d) Rescinded
...
special qualifying exam sqe reviewer examination law subject covered law 20013 law on obligations and contracts 1 voidable contracts are contracts which are valid unless a annulled b entered
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Voorbeeld van de inhoud
Special Qualifying Exam (SQE)
Reviewer
Examination: Law
Subject Covered: LAW 20013: Law on Obligations and Contracts
1. Voidable contracts are contracts which are valid unless:
a) Annulled
b) Entered into when one of the parties is a minor
c) Physical coercion vitiates consent
d) Rescinded
2. An absolutely simulated contract is:
a) Valid and Enforceable
b) Rescissible
c) Unenforceable
d) Void
3. A is a deaf-mute. Can he validly give consent, so he can enter into a valid contract?
a) No, because he is incapable of giving consent
b) Yes, if he knows how to write.
c) No, because is vulnerable to be defrauded
d) Yes, because he can act for himself.
4. The following contracts are presented to you:
I. A contract where one of the parties gave his consent during a hypnotic spell
II. A contract where one of the parties gave his consent because the other party
threatened to sue him because of his debt
III. An oral contract of sale of a piece of land
IV. A secret sale of an unlicensed revolver
In your evaluation of the foregoing contracts, which of the said contracts is valid?
a) IV
b) III
c) II
d) I
5. Statement 1: A void contract may be ratified.
Statement 2: If the acceptance is qualified, it constitutes an option contract.
a) Only Statement 1 is true.
b) Only Statement 2 is true.
c) Both statements are true.
d) Neither of the statements are true.
,6. B, an unemancipated minor, ordered food sold by C and paid it appropriately. State
the status of the contract.
a) Void
b) Voidable
c) Unenforceable
d) Valid and Enforceable
7. Which of the following statements are false?
Statement 1: The action for rescission must be commenced within three years.
Statement 2: An offer made through an agent is accepted from the time it is
communicated to the principal.
Statement 3: The perfection of real contracts happens on the delivery of the thing
subject matter of the contract.
a) 1 and 2
b) 1 and 3
c) 2 and 3
d) All statements are false.
8. A written contract of sale of a lot between D, seller, and E, buyer, for P150,000.00. The
lot is the only property of D who sold it to defraud F, his creditor. E was aware of the
fraudulent intent of D in selling the lot to him. The contract is:
a) Valid and Enforceable
b) Voidable
c) Rescissible
d) Void
9. G is so desperate to acquire the ownership of a jewelry owned by H. H would not
concede whenever G offers to purchase it. Out of desperation, she poked a gun to H
and asked her to sign a pre-form contract of sale pertaining to the said jewelry. What
could be the grounds H may invoke to invalidate the contract?
a) There is a mistake on the part of H in signing the contract.
b) There is violence exerted by G causing her to sign the contract.
c) G fraudulently secured her consent in signing the contract.
d) H was seriously intimidated when she signed the contract.
10. I sells his land to J. The sale is in a private instrument. What is the status of the
contract?
a) Voidable
b) Unenforceable
c) Void
d) Valid
, 11. K informed L that the house K was selling was never infested by termites, but the
truth is he's selling the house because it was treated for termites a month ago. L
bought the house believing in the words of K. The contract is voidable because:
a) Consent is vitiated by mistake
b) Consent is vitiated by undue influence
c) Consent is vitiated by fraud
d) Consent is vitiated by intimidation
12. The parents wanted to transfer to their children, both 18 years of age, their properties
during their lifetime. They executed a deed of sale for 3 million pesos, but the children
actually did not pay a single centavo for the transaction. What best describes the
contract?
a) The contract is voidable because their children are unemancipated.
b) The contract is void as it is absolutely simulated.
c) The contract is valid as between the parties.
d) The contract is unenforceable because it did not follow the Statute of Frauds.
13. M leased his red truck to N. However, what appeared in the document of which they
themselves had drafted is that M is leasing his blue truck to N. What legal actions can
the parties take?
a) Ask for the annulment of the contract
b) Ask for the reformation of the instrument
c) Ratify the undertaking
d) Back out from the agreement
14. A contract where the parties hide their real agreement to which they are bound as a
rule.
a) Void contract
b) Relatively simulated contract
c) Absolutely simulated contract
d) Onerous contract
15. O is a jewelry appraiser. He found and sold a ring to P stating that it was a 24-carat
gold ring even though it was only an 18-carat gold ring. P bought it and paid for it
with cash. Is the contract defective?
a) Yes. It is voidable because of fraud.
b) No. It is valid and enforceable because the contract is already consummated.
c) Yes. It is unenforceable because the sale is not in writing.
d) Yes. It is void because O has no clear possession of the ring as he just found it.
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