Contracts (Chapter 3 & 4))

Question 1

Contract which may be entered into in whatever form provided all the essential requisites for their validity are present.

Answer 1

informal or common or simple contract

Question 2

Contracts which is required by law for its efficacy to be in a certain specified form

Answer 2

Formal or Solemn Contract

Question 3

Form specific by law for Donations of Real/ Immovable Property

Answer 3

It must be in public instrument

Question 4

Form specific by law for Donations for Personal/ Movable property

Answer 4

If more than 5k, then need to be in written form
if less than 5k then any form will do

Question 5

Form specific by law for sale of lang through an agent

Answer 5

The authority of the agent must be in writing

Question 6

Form specific by law for Stipulation to pay interest

Answer 6

it must be in writing, or else no interest is due

Question 7

Form specific by law for contract of partnership

Answer 7

if immovable is contributed, it must be in public instrument attached to the property contributed

Question 8

Is the remedy allowed by law by means of which a written instrument is amended or rectified so as to express or conform to the real agreement or intention

Answer 8

Reformation

Question 9

Who can compel reformation?

Answer 9

1. if mistake is mutual, either of the contracting parties or its heirs, or the assigned person
2. In other cases, the injured party, or his heirs or assigned person.