Course: International Business and Trade

Topic: Defective Contracts

Multiple Choice

The object of a contract of donation is

a. giving something out of liberality

b. getting a reward in return

c. giving back something earlier borrowed

d. getting paid

You found your living grandfather's last will and testament and discovered that he plans to bequeath unto you one half of his car collection. This means you can go ahead and sell one already and just account for its value against the total you are supposed to receive once he passes.

a. True

b. False

Following principles of the Civil Code, if there are two interpretations of a contract -- one that seems to say the property is being sold in instalments, and another that indicates it is being rented out, it is better to interpret it as a rental.

a. True

b. False

Following principles of the Civil Code, these are invalid considerations, except possibly

a. Marijuana for an amount of money comparable to other places where it is sold

b. A lifetime of unpaid personal service to pay a big debt

c. Pretend price for what is actually a gift from your relative

d. P5000.00 for a brand new PS5

Which one may be the valid object of a purchase online?

a. Fine white sand from Boracay in small jars

b. A star to be named after you

c. Bottled fresh air from Scotland

d. Bottled mineral water from Switzerland