1. The action for the declaration of a contract as void prescribes in: a. 2 years b. 4 years c. 10 years d. Does not prescribe. 2. A contract resulting or arising from a void contract is also void. e. True f. False Give the reason for your answer. Note: Giving the reason for a true or false answer is important. Learning is not quite learning where one does not have reason or basis for one's answer. 3. A contract where both parties are incapable of giving consent is: g. Valid h. Void i. Voidable j. Unenforceable 4. Titus entered into a contract with Susan who is 16 years old. The contract suffers from what defect? What defective contract results from said defect? 5. Void contracts are capable of ratification. a. True b. False Give the reason for your answer. 6. A contract where one of the contracting parties is incapable of giving consent is: a. Valid b. Void c. Voidable d. Unenforceable 7. A contract the object of which is beyond the commerce of man is: a. Valid b. Void C. Voidable d. Unenforceable