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Identification: 1.The intention of the parties prevail over the terms of a contract as a general rule. 2.The usage and custom of the place maybe

Identification:

1.The intention of the parties prevail over the terms of a contract as a general rule.

2.The usage and custom of the place maybe taken into consideration in interpreting ambiguities of a contract.

3.Unenforceable contracts are capable of annulment.

4.In a rescissible contract, the recission is a primary remedy.

5.Unenforceable contracts cannot be ratified.

6.Unenforceable contracts cannot be assailed by third persons.

7.Void contracts produce no effect at all.

8.The action for the declaration of the inexistence of void contracts prescribe in four years.

9.In case of divisible contracts, illegal terms can be separated from the legal ones and the latter maybe enforced.

10.A third person whose interest is directly affected by the contract may bring an action to annual the contract.

11.Contracts which are absolutely simulated are ______.

12.Contracts where one of the contracting party is incapable of giving consent.

13.Contract entered into by guardian in behalf of ward, where the ward suffered damage more than 1/4 of the value of the object of the contract.

14.Contracts that do not comply with the statute of frauds.

15.Contract whose cause, object or purpose is contrary to law, morals, good custom, public order or public policy.

16.Contract which is absolutely null and void.

17.Contracts which are valid but caused damaged or injury to one of the contracting parties or third person.

18.Contractswhich are valid until annulled.

19.Contractswhich are valid but cannot be enforced unless ratified.

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