VOIDABLE CONTRACT 6.
A contract entered into by a minor is
generally:
MCQ
1. What is a voidable contract? a. Always void
b. Voidable at the minor’s discretion
a. A contract that is never valid c. Valid with no legal effect
b. A contract that is valid until annulled d. Valid until the minor reaches adulthood
c. A contract that is valid but
unenforceable 7. According to Article 1391, which of the
d. A contract that does not require consent following circumstances is NOT sufficient to
render a contract voidable?
2. Which of the following is NOT a ground for
declaring a contract voidable? a. Intoxication
b. Misrepresentation
a. Lack of consent due to mistake c. One party being a millionaire
b. Threat or intimidation d. Duress
c. An object of the contract
d. Fraud
8. Which of the following is required for a
contract to be ratified after being declared
3. Under what condition can a party to a voidable?
voidable contract ratify the contract?
a. New consideration must be provided
a. At any time b. Consent of the party wishing to annul
b. Within a specified period defined by law must be revoked
c. Only if both parties agree c. It must be executed under the same
d. After the contract is executed terms
d. It must be documented in writing
4. If a contract is voidable due to lack of
consent, what is the status of the contract?
9. In a judicial proceeding regarding a voidable
contract, who bears the burden of proof to
a. Automatically void show that the contract should be annulled?
b. Valid until annulled
c. Enforceable in court
d. Unenforceable a. The party seeking annulment
b. The party defending the contract
c. Neither party
5. Which of the following best describes the d. The judge
effect of a voidable contract being annulled? 10. In the context of voidable contracts, which
type of mistake could render a contract
a. It becomes void ab initio voidable?
b. It remains valid until breached a. A unilateral mistake of fact
c. It becomes enforceable by the other b. A mutual mistake of law
party c. A mutual mistake of fact
d. It is still recognized but can no longer be d. A mistake based on future events
enforced