OBLICON

1. When is a contract voidable or annullable?

2. S agreed to deliver to B 500 cavans of rice at P600 per cavan. S delivered only 490 cavans deliberately mispresenting that the delivery consisted of 500 cavans. Can B ask the court to annul the contract on the ground of fraud?

3. Give the requisites in order that intimidation may vitiate or annul consent of a party to a contract.

4. In a contract containing an option period, when is the offerer not allowed to withdraw his offer even before acceptance by the offeree? When is the offerer allowed to withdraw his offer even after acceptance?

II.

1. Define concept

2. Acceptance