Question: 1. ENUMERATION 1. What are the three (3) essential requisites of contract. (3 points) 2. Give at-least three (3) ways how obligations are extinguished. (3

1. ENUMERATION 1. What are the three (3) essential requisites of contract. (3 points) 2. Give at-least three (3) ways how obligations are extinguished. (3 points) 3. What are the requisites of novation (4). (4 points) 4. What are the three (3) kinds of negligence. (3 points) 5. Give at-least two (2) vices of consent which makes a contract voidable. (2 points) 6. Give at-least two (2) examples when the law requires a contract to be in a certain form for its validity. (2 points) 7. Give at-least two (3) special forms of payment. (3 points)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

What equivalent circuit element has the most direct control over the speed at which the pullout torque occurs?

Reflection Paper for this What have you learned in TITLE II. - CONTRACTS ? ESSENTIAL REQUISITES OF CONTRACTS ? Consent ? Capacity to Give Consent & Vices of ? Consent ? Object of Contracts ? Cause of...

Please summarize this article, the length of summary should not be more than 2 pages with 1.5 spacing , size 12 Times New Rome Journal of International Money and Finance 17 1998. 535545 The use of...

Choose the correct answer Multiple Choice: Write the letter of correct answer on the space provided before each number. 1. A contract that can stand by itself is known as: a. Accessory contract b....

Explain Briefly! Essay: The pertinent provision of law need not be cited in your answers. 1. (a) When is a contract deemed perfected? (b) When is a contract deemed consummated? (b) Are there...

CAN YOU PLEASE PARAPHRASE THIS!! OWN WORDS. PER BULLET. DON'T USE QUILLBOT. THANKYOUUU. PLEASE OWN WOOOOORDS. NEW CONSTRUCT In chapter 4, I have learned that the cause of extinguishment of...

CAN YOU PLEASE PARAPHRASE THIS!! OWN WORDS. PER BULLET. DON'T USE QUILLBOT. THANKYOUUU. In chapter 4, I have learned that the cause of extinguishment of obligations such as payment or performance,...

EXPLAIN BRIEFLY! Instruction: Essay: The pertinent provision of law need not be cited in your answers. 1. (a) When is a contract deemed perfected? (b) When is a contract deemed consummated? (b) Are...

Can you make questions base on the given instructions below and base on the notes. You are to make your "OWN" Multiple Choice Questions (MCQs) for all Topics from Introduction of Law and Obligations...

Can you make questions from this notes following the instruction given below? You are to make your "OWN" Multiple Choice Questions (MCQs) for all Topics from Introduction of Law and Obligations First...

Base on the given notes below You are to make your "OWN" Multiple Choice Questions (MCQs) with correct answer highlighted Instructions: make 1 question - Theory / Principle / Objective type Make 2...

Puragua Corporation makes water meters that are sold to contractors and municipal water departments. Analyze their quality costs, group them into the four standard quality cost categories, and...

John (a sole proprietor) and Eagle Corporation (a C corporation) each recognize a long-term capital gain of $10,000 and a short-term capital loss of $18,000 on the sale of capital assets. Neither...

Under the current rate method of translation, Multiple select question. expenses incurred evenly throughout the year are translated at the current exchange rate. revenues generated evenly throughout...

"stupid" in your listing. Provide a brief one-to-two sentence overview for each risk you list. In the second section, pick the top risk and create a Quantitative RA (last module) for a single loss...