GENERAL PROVISIONS ON CONTRACTS

1. Those were each of the parties has to account the acquisition of an equivalent of his
prestation, but such equivalent, although pecuniarily appreciable, is not yet
determined, at the moment of the celebration of the contract, since it depends upon
the happening of an uncertain event, thus charging the parties with the risk of loss or
gain.
a. Unilateral
b. Commutative
c. Aleatory
d. Gratuitous
2. Begins from the prospective contracting parties manifest their interest in the contract
and ends at the moment of agreement of the parties
a. Preparation
b. Perfection
c. Consummation
d. None of the above
3. The contract must bind both contracting parties; its validity or compliance cannot be
left to the will of one of them
a. Autonomy of contract
b. Relativity of contract
c. Formality of contract
d. Mutuality of contract
4. Those which give rise to reciprocal obligations for both parties
a. Informal
b. Formal
c. Unilateral
d. Bilateral
5. Contracts take effect only between parties, their assigns and heirs, except in case
where the rights and obligations arising from the contract are not transmissible by
their nature, or by stipulation or by provision of law
a. Autonomy of contract
b. Relativity of contract
c. Formality of contract
d. Mutuality of contract
6. Those which can exist only as a consequence of, or in relation with, another prior
contract.
a. Principal
b. Preparatory
c. Accessory
d. Formal
7. Those which can subsist independently from other contracts and whose purpose can
be fulfilled by themselves.
a. Preparatory
b. Accessory
c. Formal
d. Principal
8. Is constituted from the moment a person receives a thing belonging to another, with
the obligation of safely keeping it and returning the same.
a. Pledge
b. Deposit
c. Formal contract
d. Commadaum
9. Those which are perfected by the mere agreement of the parties
a. Formal
b. Real
c. Consensual
d. Principal
10. A contract is in the stage of conception when?
a. There is meeting of the minds
b. Negotiations are in progress
c. The parties come to an agreement
d. The contract is perfect
11. Is a contract whereby almost all of its provisions are drafted by one party
a. Nominate
b. Contract of adhesion
c. Auto-contract
d. Gratuitous
12. Is a contract whereby the parties, by making reciprocal concessions, avoid litigation
or put an end to one already commenced.
a. Compromise agreement
b. Auto-contract
c. Contract of adhesion
d. Memorandum of agreement
13. Those which have for their object the establishment of a condition in law which is
necessary as a preliminary step towards the celebration of another subsequent
contract.
a. Principal
b. Preparatory
c. Accessory
d. Formal
14. The exceptions in relativity of contracts are the following, except?
a. Contracts are not transmissible by their nature
b. Contracts are not transmissible by stipulation
c. Contracts are not transmissible by provision of law
d. None of the above

15. It is a meeting of minds between two persons whereby one binds himself, with
respect on the other, to give something or to render some service.
a. Law
b. Contract
c. Obligation
d. Memorandum of Agreement
16. The following are the stages in the life of a contract, except
a. Preparation
 b. Perfection
c. Consummation
d. None of the above
17. Those in which each of the parties aspires to procure for himself a benefit through
the giving of an equivalent or compensation.
a. Onerous
b. Formal
c. Unilateral
d. Gratuitous

18. Those which give rise to an obligation for only one of the parties
a. Informal
b. Formal
c. Unilateral
d. bilateral

19. The following are the rules in innominate contract, except:

a. Stipulation of the parties
b. The provisions of business law on obligations and contracts
c. The rules of governing the most analogous nominate contracts
d. The customs of the place

20. Any third person who induces another to violate his contract shall be liable for damages
to the other contracting party
a. Quasi interference
b. Delict interference
c. Legal interference
d. Tort interference

21. Those which lack individuality and are not regulated by special provisions of law
a. Nominate
b. Unilateral
c. Innominate
d. Gratuitous

22. The elements of tort interference are the following, except:

a. Existence of a valid contract
b. The third person is in good faith
c. Knowledge on the part of the third person of the existence of a contract
d. Interference of the third person is without legal justification

23. Those which require not only the consent of the parties for their perfection, but also the
delivery of the object by any of the party to the other.
a. Formal
 b. Real
c. Consensual
d. Principal

24. The contracting parties may establish such stipulations, clauses, terms and conditions as
they may deem convenient, provided they are not contrary to law, morals, good customs,
public order or public policy
a. Autonomy of contract
b. Relativity of contract
c. Formality of contract
d. Consensuality of contract

25. D borrowed a sum of money from C with a certain rate of interest. C now wants to
increase the rate of interest without the consent of D. What principles in contracts prohibits C
from doing so?
a. Autonomy of contracts
b. Relativity of contracts
c. Mutuality of contracts
d. Consensuality of contracts
26. Those which have their own individuality and are regulated by special provisions of law
a. Nominate
b. Unilateral
c. Innominate
d. Gratuitous
27. X offers to sell his house to Y for P1M. Y requested if he would accept P995,000. Which
if the following is correct?
a. The correct is void because there is no consent
b. Y’s response is a counter-offer because it is not absolute
c. Y’s response is a mere request, hence, the offer is still effective
d. Y’s response is a counter-offer because it is qualified.

28. The exceptional cases to the principle of relativity of contracts are the following, except:
a. If a contract should contain some stipulation in favor of a third person, he may
demand its fulfillment provided he communicated his acceptance to the obligor
before its revocation
b. In contracts creating personal rights
c. Creditors are protected in cases of contracts intended to defraud them
d. Any third person who induces another to violate his contract

29. Which of the following may not be the object of a contract of sale?
a. Things having a potential existence
b. The sale of a vain hope expectancy
c. Future goods
d. Answer not given.
30. The requisites of a stipulation pour autrui or a stipulation in favor of a third person are the
following except:
a. There must be a stipulation in favor of a third person
b. The stipulation must be a part of the contract
c. The contracting parties must have clearly and deliberately conferred a favor upon a
third person , a mere incidental benefit or interest
d. The third person must have communicated his acceptance to the obligor before its
revocation.

Question 1
The following are the rules in innominate contract, except:
Response: The provisions of business law on obligations and contracts.

Question 2
A contract in which a person literally contracts with himself is
Response: Auto contract

Question 3
Any third person who induces another to violate his contract shall be liable for damages to
the other contracting
party.
Response: Tort interference

Question 4
Which of the following is not a valid stage of a contract?
Response: Termination
● Introduction
● Perfection
● Conception

Question 5
The contracting parties may establish such stipulations, clauses, terms and conditions as
they may deem convenient, provided they are not contrary to law, morals, good customs,
public order or public policy.
Response: Autonomy of contract

Question 6
Is a contract whereby almost all of its provisions are drafted by one party.
Response: Contract of adhesion

Question 7
Begins from the prospective contracting parties manifest their interest in the contract and
ends at the moment of agreement of the parties.
Response: Preparation

Question 8
Which of the following is not a requisite for the validity of a contract?
Response: Delivery of the thing

Question 9
Those which are perfected by the mere agreement of the parties.
Response: Consensual

Question 10
Contracts which must be in the form provided by the law for their perfection
Response: Solemn contracts

Question 11
A contract is in the stage of conception when?
Response: Negotiations are in progress

Question 12
An innominate contract which means “I do that you may give.”
Response: Facio ut des

Question 13
The contract must bind both contracting parties; its validity or compliance cannot be left to
the will of one of them.
Response: Mutuality of contract

Question 14
Not a requisite of stipulation pour autri
Response: The third person is incidentally benefited by the stipulation;

Question 15
X offers to sell his house to Y for P1M. Y requested if he would accept P995,000. Which of
the following is correct?
Response: Y's response is a mere request, hence, the offer is still effective.

Question 16
The exceptions in relativity of contracts are the following, except:
Response: None of the above.

Question 17
Is a contract whereby the parties, by making reciprocal concessions, avoid litigation or put
an end to one already commenced.
Response: Compromise agreement

Question 18
Those which require not only the consent of the parties for their perfection, but also the
delivery of the object by any one of the party to the other.
Response: Real

Question 19
Those which can subsist independently from other contracts and whose purpose can be
fulfilled by themselves.
Response: Principal

Question 20
Those which have their own individuality and are regulated by special provisions of law.
Response: Nominate

Question 21
Those in which each of the parties aspires to procure for himself a benefit through the giving
of an equivalent or compensation.
Response: Onerous

Question 22
The following are the stages in the life of a contract, except:
Response: None of the above

Question 23
The period when the minds of the seller and the buyer have met on the subject matter and
cause of the interest is -
Response: Perfection of the sale

Question 24
Contracts are effective and binding only between the parties, their assigns and heirs. Three
of the following enumerations are exceptions as provided by law. Which does not belong to
the exception?
Response: Where one of the parties to the contract dies and thereafter a suit is filed on the
basis of the contract.

Question 25
In order that a stipulation in favor of a third person in a contract would be valid and binding
upon the parties thereto, three of the requisites are mentioned in the following enumerations.
Which of them is not a requisite?
Response: That there must be an existing agency between either of the contracting parties
and the third person.

Question 26
Those where each of the parties has to account the acquisition of an equivalent of his
prestation, but such equivalent, although pecuniarily appreciable, is not yet determined, at
the moment of the celebration of the contract, since it depends upon the happening of an
uncertain event, thus charging the parties with the risk of loss or gain.
Response: Aleatory

Question 27
These are the basic principles or characteristics of a contract. Which is the exception?
Response: Binding on third parties

Question 28
Those which give rise to reciprocal obligations for both parties.
Response: Bilateral

Question 29 Which of the following is not an exception to the principle of relativity?

Response: None of the above.

Question 30 Those which give rise to an obligation for only one of the parties.
Response: Unilateral

Okay na ba pede na ba ko madismiss? YES

Question 1
The following are the stages in the life of a contract, except:

Response: None of the above

Question 2
Those in which each of the parties aspires to procure for himself a benefit through the
giving of an equivalent or compensation.

Response: Onerous

Question 3
Those which can subsist independently from other contracts and whose purpose can be
fulfilled by themselves.

Response: Principal

Question 4
Contracts are effective and binding only between the parties, their assigns and heirs.
Three of the following enumerations are exceptions as provided by law. Which does
not belong to the exception?

Response: Where one of the parties to the contract dies and thereafter a suit is filed on

the basis of the contract.

Question 5
The contract must bind both contracting parties; its validity or compliance cannot be left to
the will of one of them.

Response: Mutuality of contract

Question 6
The elements of tort interference are the following, except:

Response: The third person is in good faith.

Question 7
Those which lack individuality and are not regulated by special provisions of law.

Response: Innominate

Question 8
Three of the following are essential elements of a contract, except

Response: Motive of the parties

Question 9
Those which can exist only as a consequence of, or in relation with,

another prior contract. Response: Accessory

Question 10
Require consent, subject matter, cause or consideration, and delivery

Response: Formal contract

● Consensual contract
● Real contract

Question 11
The fulfillment of the contract is dependent upon chance

Response: Aleatory

Question 12
The contract may be said to have been fully executed when there is:

Response: Consummation

Question 13
An innominate contract which means “I do that you may give.”
Response: Facio ut des

Question 14
Contracts which must be in the form provided by the law for their perfection

Response: Solemn contracts

Question 15
Obligations arising from contracts have the force of law between the contracting parties
and should be complied with in good faith. From perfection, the parties are bound not
only to the fulfillment of what has been expressly stipulated but also to all the
consequences which according to their nature, may be in keeping with good faith, usage
and law. This is known as the principle of:

Response: obligatory force of contract and compliance in good faith

Question 16
The following are the rules in innominate contract, except:

Response: The provisions of business law on obligations and contracts.

Question 17
Those which are perfected by the mere agreement of the parties.

Response: Consensual

Question 18
Is a contract whereby the parties, by making reciprocal concessions, avoid litigation or
put an end to one already commenced.

Response: Compromise agreement

Question 19
Those where each of the parties has to account the acquisition of an equivalent of his
prestation, but such equivalent, although pecuniarily appreciable, is not yet determined, at
the moment of the celebration of the contract, since it depends upon the happening of an
uncertain event, thus charging the parties with the risk of loss or gain.

Response: Aleatory

Question 20
Which of the following is not an exception to the principle of relativity?

Response: None of the above.

Question 21
A contract is in the stage of conception when?

Response: Negotiations are in progress

Question 22
Which of the following is not a requisite for the validity of a contract?

Response: Delivery of the thing

Question 23
Contracts take effect only between the parties, their assigns and heirs, except in case where
the rights and obligations arising from the contract are not transmissible by their nature, or
by stipulation or by provision of law.

Response: Relativity of contract

Question 24
Is a contract whereby almost all of its provisions are drafted by one party.

Response: Contract of adhesion

Question 25
Which of the following may not be the object of a contract of sale?

Response: The sale of a vain hope or expectancy.

Question 26
A contract in which a person literally contracts with himself is

Response: Auto contract

Question 27
Those which have their own individuality and are regulated by

special provisions of law. Response: Nominate

Question 28
Begins from the prospective contracting parties manifest their interest in the contract and
ends at the moment of agreement of the parties.

Response: Preparation
Question 29
Those which have for their object the establishment of a condition in law which is
necessary as a preliminary step towards the celebration of another subsequent contract.

Response: Preparatory

Question 30
It is a meeting of minds between two persons whereby one binds himself, with
respect to the other, to give something or to render some service.

Response: Contract

1. There is no contract unless the following requisites concur, except

Response: Delivery of the subject matter

2. One of the following is not a real contract.

Response: Sale

3. The stages of a contract according to the order of their occurrence are:

Response: Conception, birth, and consummation