Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. The law says All things which are not outside the commerce of men..., may be the object of a contract... (A) What is meant

1. The law says "All things which are not outside the commerce of men..., may be the object of a contract..." (A) What is meant by "outside the commerce of men"? (B) Give some examples. 2. Contract must have cause. The cause must be lawful. (A) When is a cause in a contract unlawful? (B) Give examples of unlawful causes. 3. In what form must a contract be, to be obligatory? 4. (A) What is meant by "Reformation of Instruments"? (B) When and how does "Reformation of Instrument" happen? 5. (A) What is the primary rule of interpretation in contracts? (B) Give an example. 6. What are: (A) Rescissible contracts? (B) Voidable contracts? (C) Unenforceable contracts? (D) Void or inexistent contracts? 7. (A) What are "Natural Obligations"? (B) Give examples. 8. A owes B P10K. A dies. X, a friend of A's, paid B the P10K indebtedness. B accepted the payment. (A) Was the payment valid? (B) What kind of obligation was this, civil obligation or natural obligation? 9. A found a wallet with P10K, which B lost. (A) Has B the right to recover the wallet and its contents from A? (B) If A returns the wallet to B, can A demand a reward from B for returning it? (C) Give an example of a natural obligation which could happen/ensue, in light of the facts given in this hypothetical case

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essential Criminal Law

Authors: Matthew Lippman

3rd Edition

154435598X, 978-1544355986

More Books

Students also viewed these Law questions

Question

L05 Evaluate the biological correlates of intelligence.

Answered: 1 week ago

Question

Contact person at the organization

Answered: 1 week ago

Question

LO2 Describe the human resource planning process.

Answered: 1 week ago