Question
PLEASE ANSWER THE QUESTION WITHIN AN HOUR PLEASE :(( 11.The following contracts are voidable, EXCEPT A.)Contracts entered into during a state of drunkenness or hypnotic
PLEASE ANSWER THE QUESTION WITHIN AN HOUR PLEASE :((
11.The following contracts are voidable, EXCEPT
A.)Contracts entered into during a state of drunkenness or hypnotic spell.
B)Contracts where the consent of one party is vitiated by violence, intimidation, mistake ,fraud or undue influence.
C)Contracts where one of the contracting parties is incapable of giving consent.
D.)Contracts entered into during a lucid interval.
12.Statement I: A contract as a general rule must be written to have force and effect as a valid agreement.
Statement II: A formal or solemn contract is one that must be in writing to be valid.
A)Both statements are false.
B)Statement I is false while Statement II is true.
C)Both statements are true.
D)Statement I is true while Statement II is false.
13.Statement I: The illegality of the motive of a party to a contract renders the contract void.
Statement II: The motive of one party to a contract is always known by the other party.
A)Both statements are true.
B)Both statements are false.
C)Statement I is true while Statement II is false.
D)Statement I is false while Statement II is true.
14.Choco obtained a loan of P100,000 from Loco. The debt which is payable in 10 equal monthly installments is secured by a real mortgage on Choco's lot. Choco paid the first installment of P10,000 on due date. Kolokoy, a third person, paid Loco P100,000 without the knowledge of Choco and believing that the amount owed by Choco was still P100,000.
A.Kolokoy can recover P90,000 from Choco. If Choco cannot pay, Kolokoy can foreclose the mortgage.
B)Kolokoy can recover P100,000 from Choco. If Choco cannot pay, Kolokoy can foreclose the mortgage.
C)Kolokoy cannot recover any amount from Choco. Neither can he foreclose the mortgage because he paid Loco without the knowledge of Choco.
D)Kolokoy can recover P90,000 from Choco. If Choco cannot pay, Kolokoy cannot foreclose the mortgage.
15.Torrente, a supplier of laptops, sent to several customers in various parts of the country a letter offering to sell out "all his stock of 10 units of laptops" at the discounted price of P40,000 each. The offer stated that the reply must be received by registered mail not later than September 18, 2018. On September 14, 2018, Belleza sent a registered letter accepting the offer. On September 16, 2018, Corpuz sent a telegram accepting the offer. The telegram was received by Torrente on the same day. Whose acceptance is binding on Torrente?
A)The acceptance by Belleza because it was mailed first.
B)Neither acceptance is binding on Torrente.
C)Both the acceptance will be binding on Torrente, with Belleza getting 5 laptops, and Corpuz getting the other 5.
D)The acceptance by Corpuz because it was received first by Torrente.
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