Types of Contracts

Question 1

Definition of Conventional Obligations

Answer 1

a conventional obligation is a relationship in which one person (an obligor) is bound to render a performance to another (an obligee).

Question 2

Unilateral Contract

Answer 2

a unilateral contract is one in which the party who accepts the obligation of the other does not assume a reciprocal obligation

Question 3

Bilateral Contract

Answer 3

a contract is bilateral when the parties obligate themselves reciprocally so that the obligation of each party is correlative to the obligation of the other

Question 4

Onerous Contract

Answer 4

a contract in which both parties receive an advantage for their obligation

Question 5

Gratuitous Obligation

Answer 5

a contract in one party receives obligates himself to the other party without obtaining an advantage in return

Question 6

Deposit

Answer 6

a contract in which one person (a depositor) delivers a movable thing to another person (the depositary) for safekeeping under the obligation of returning it to the depositor on demand

Question 7

Form required for a donation

Answer 7

authentic act- if not it is absolutely null

Question 8

sale of an immovable

Answer 8

must be made by private signature or authentic act

Question 9

Principal Contract

Answer 9

a contract in which a secured obligation arises between parties

Question 10

Accessory Contract

Answer 10

a contract made to provide security for the performance of an obligation

Question 11

Nominate Contracts

Answer 11

contracts given a special designation

Question 12

Innominate contract

Answer 12

contracts with no special designation

Question 13

commutative contract

Answer 13

bilateral-when the performance of the obligation of each party is correlative to the performance of the other

Question 14

the sale of a future thing

Answer 14

a future thing may be the object of a sale. The coming into existence of the thing is a condition that suspends the effects of the sale

Question 15

aleatory contract

Answer 15

a contract, because of its nature or the party’s intent, the performance of the obligation or the extent of the performance depends on an uncertain event

Question 16

A sale of hope

Answer 16

a hope may be the object of a sale

Question 17

Authentic Act

Answer 17

executed before a notary, signed by the parties, and two witnesses

Question 18

Act under private signature duly acknowledged

Answer 18

signed by the parties. accepted as prima facie true and genuine

Question 19

Act under private signature

Answer 19

does not have to be written by the parties, but must be signed by them

Question 20

Requirements of a contract

Answer 20

capacity, consent, object and cause

Question 21

capacity

Answer 21

all persons have the right to enter into a contract except for unemancipated minors, persons deprived of reason at the time of contracting, and interdicts

Question 22

consent

Answer 22

a contract is formed by the consent of the parties established through offer and acceptance

Question 23

object

Answer 23

parties are free to contract for any object that is lawful, possible, and determined or determinable

Question 24

cause

Answer 24

an obligation cannot exist without a lawful cause

Question 25

results of failure to satisfy all requirements of a contract

Answer 25

the contract is NULL

Question 26

Null

Answer 26

a contract is null when the requirements for its formation have not been met

Question 27

Absolutely Null

Answer 27

a contract is absolutely null when it violates a rule for public order. An absolutely null contract may not be confirmed.

Question 28

Relatively Null

Answer 28

a contract is relatively null when it violates a rule intended for the protection of private parties. Can be confirmed.

Question 29

Effect of an absolutely null contract

Answer 29

deemed to never have existed