Engineering Board Exam Reviewer · ECE · easy

Contracts that are perfected by mere consent are called:

  1. Real contracts
  2. Formal (solemn) contracts
  3. Unilateral contracts
  4. Consensual contracts

Answer

D. Consensual contracts

Solution

Most contracts, including sale, lease and construction contracts, are consensual.

More ECE questions

  1. The principle that contracts take effect only between the parties, their assigns and heirs is called:
  2. The principle that parties may establish such stipulations as they deem convenient, provided these are not contrary to law, morals, good…
  3. Under Article 1318, the essential requisites of a contract are:
  4. Under Article 1305 of the Civil Code, a contract is a:
  5. X owes Y ₱50,000 due on March 1. Y owes X ₱30,000, also due and demandable on March 1, both in money. What is the effect if both debts are…
  6. A, B and C jointly (not solidarily) owe D ₱300,000 in equal shares. B becomes insolvent. How much can D collect from A?
  7. A, B and C solidarily owe D ₱300,000. D demands the full amount from A, who pays. What is A's right afterward?
  8. A contractor (debtor) agreed to deliver and install a radio system by June 30. He did not deliver, and on July 10 a typhoon destroyed his…
  9. In a solidary obligation, the creditor may demand payment of the entire obligation from:
  10. The debtor is generally NOT liable for loss due to a fortuitous event EXCEPT when:

All ECE questions