PLEASE CHOICE THE LETTER OF THE CORRECT ANSWER

1.) Which of the following contract is valid?

A. oral contract of donation of real properties

B. oral partnership agreement where a movable property is contributed

C. oral contract of agency giving authority to an agent to sell the land belonging to the principal

D. oral contract of the sale of things valued at less than 500 pesos

2.) Contracts made without valuable consideration__

A. Consensual

B. Solemn

C. Onerous

D. Gratuitous

3.) The following contracts are void ab initio, except____

A. those contracts the cause or object did not exist at the time of the transaction

B. those which are relative simulated contracts

C. those contracts the object of which is outside the commerce of men

D. those contracts which contemplate an impossible service

4.) A law to aid human memory, or to prevent injustice due to faulty memory, which requires that certain contracts must be in writing to be enforceable.

A. State of limitations

B. Law on prescription

C. State of Frauds

D. Law on enforceability

5.) X entered into a contract with Y, whereby X sold his land orally to Y. the land has been delivered and the price has been paid. Is the oral of sale or land valid?

A. the contract of sale is not valid because it is not in a public instrument

B. the contract is an unenforceable

C. the contract of sale is not valid because it is not in writing as required by the statute of frauds

D. The contract is valid because it is already perfected and executed