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

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

2.A contract which provides reciprocal obligations is a rescissible contract because article 1191 of the Civil Code provides that the power to rescind is implied in reciprocal obligations.

3.In rescission, both parties must return to each other what they have received together with its fruits and interest.

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

5.The party who demands rescission 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.

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

1.All defective contracts are valid and can give effect to agreements of the parties.

2.Donation in favor of donee in good faith negates an action for rescission because the donee is in good faith.

3.Belle is 12 years and her guardian is Bugoy. If Bugoy entered into a rescissible contract to the prejudice of Belle's interest. Belle's action for rescission is only until she is 16 years of age.

4.All sale of property entered into during the time the seller has a debt to another person are rescissible contracts.

5.The list of rescissible contracts under article 1381 is exclusive.

give your own personal example of rescissible contracts provided under article 1381. Also, research when does a person is considered an absentee under the civil code and research