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V chapter 1 - General Provisions ' n to a. An express agreement which gives the lessee the 5016 Opt\") renew the lease is not valid on the parties. or b. The lessee has a right to elect whether to continue with the lease ts not, once he exercises his option to continue and the lessor accep . both parties are thereafter bound by the new lease agreement. . t C- The Option, which is provided in the same lease agreement, 15 n0 fundamentally part of the consideration in the contract. ' d. The right of renewal does not constitute a part of the lessee 5 interest in the land. 25. It is a meeting of minds between two persons whereby one bind: himself, with respect to the other, to give something or to render 50m service. a. Law b. Contract c. Obligation d. Memorandum of Agreement 26. Those which can exist only as a consequence of, or in relation with. another prior contract. a. Principal b. Preparatory c Accessory d. Formal 27. Those which give rise to reciprocal obligations for both parties. a Informal b. Formal c. Unilateral d. Bilateral 28. Is a contract whereby the parties, by making reciprocal co . . . . ncessions, avoxd litigation or put an end to one already commenced. a. Compromise agreement b. Auto-contract 0- Contract of adhesion d- Memorandum of agreement 29. - The foilowmg are the rules in innominate contract, except- : ipulations of the parties. . - e to ' ' ' ' l C. p Vlswns of busmess law on obligations and contracts (1 The rules governing the most analogo - The customs of the place. a. can ptlons in relatmty of contracts are the foil - a. tracts are not transmissible by their nature Chapter 1 - General Provisions 6 10 97 18. Those which lack individuality and are not regulated by special provisions of law. a. Nominate c. Innominate b. Unilateral d. Gratuitous 19. Is a contract whereby almost all of its provisions are drafted by one party. a. Nominate C. Auto-contract b. Contract of adhesion george d. Gratuitous enigod S. 20. The contracting parties may establish such stipulations, clauses, terms and conditions as they may deem convenient, provided they are not contrary to law, morals, good customs, public order, or public policy. a. Autonomy of contract C. Formality of contract () wriggoledb. Relativity of contract 15on d. Consensuality of contract 21. Those which have for their object the establishment of a condition in law which is necessary as a preliminary step towards the celebration of another subsequent contract. a. Principal s Main b. Preparatory C. Accessory b d. Formal 22. Those which can subsist independently from other contracts and whose purpose can be fulfilled by themselves. Id a. Preparatory buc: b. Accessory C. Formal d. Principal 23. D borrowed a sum of money from C with a certain rate of interest. L now wants to increase the rate of interest without the consent of D. What principle in contracts prohibits C from doing so? ns to you a. autonomy of contracts vinisinter b. relativity of contracts lo no spintoc.