A. Determine whether each statement is true or false and give a short explanation why is it true/false.

1.Voidable contracts are invalid by its very nature, hence, no rights can be acquired from a Voidable contract.

2.A contract to which both of the parties are incapable of giving consent is a voidable contract.

3.In an action for the annulment of voidable contract, the party who caused the vitiation of the consent has the right of action to sue for its annulment.

4.A voidable contract becomes a valid contract only after the lapse of four years from the date of its execution.

5.The party who demands annulment is obliged to return what he has received despite the fact that he is the one demanding the return of what he/she has given.

B. Give your own personal example of voidable contracts. Also, research when does a person is considered as incapacitated under the civil code