1. What is the "rule" in the interpretation of contracts with respect to usage or custom? Explain. 2. What is the difference between rescission contracts and voidable, unenforceable, and void or inexistent contracts as far as their being defective is concerned? Or to put it another way, what is the basis for saying resciss be contracts are defective versus the basis for saying that the other contracts are defective? 3. Explain what an unenforceable contract is and give an example of it. 4. Where you hired someone to build your house, the steps of the stairs were specified to be 10 inches in width but, as the house was going through finishing touches, you noticed that the steps measured only 9 inches in width. May this be the basis for the rescission of the contract? 5. When one of the contracting parties is incapable of giving consent, what kind of defective contract results? Would the same result ensue if both contracting parties are similarly incapacitated? 6. What would you consider as the most important factor to consider in the interpretation of contracts? 7. Explain and give an example of a voidable contract. 8. Generate/formulate your own questions? Always write down the question that come to your mind, even doubts, so these are clarified in time. 9. Create flashcard for your study