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    Essay: Direction: Explain The Following Statements/question in Not Less Than 5 Sentences

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    Celestino Alis
    1. The contract between S, who was insane, and B, who was a minor, for the sale of a radio for P400 is voidable. However, the contract becomes valid when S's mother, as guardian, ratified the contract by accepting the P400 payment for food. 2. The contract between B and S for the purchase of 100 notebooks for P41.95 per piece is valid, even though the invoice mistakenly listed the total as P4,915 instead of the correct P4,195. This was a simple mistake of accounting that does not invalidate consent, and B must return the P720 overpayment. 3. Mistakes about substance or principal conditions can invalidate consent

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    Essay: Direction: Explain The Following Statements/question in Not Less Than 5 Sentences

    Uploaded by

    Celestino Alis
    318 views1 page
    1. The contract between S, who was insane, and B, who was a minor, for the sale of a radio for P400 is voidable. However, the contract becomes valid when S's mother, as guardian, ratified the contract by accepting the P400 payment for food. 2. The contract between B and S for the purchase of 100 notebooks for P41.95 per piece is valid, even though the invoice mistakenly listed the total as P4,915 instead of the correct P4,195. This was a simple mistake of accounting that does not invalidate consent, and B must return the P720 overpayment. 3. Mistakes about substance or principal conditions can invalidate consent

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    Business tax

    Original Title

    Activity Chapter 7 Martinez Joan Christian 20185548 Ola6

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    1. The contract between S, who was insane, and B, who was a minor, for the sale of a radio for P400 is voidable. However, the contract becomes valid when S's mother, as guardian, ratified the contract by accepting the P400 payment for food. 2. The contract between B and S for the purchase of 100 notebooks for P41.95 per piece is valid, even though the invoice mistakenly listed the total as P4,915 instead of the correct P4,195. This was a simple mistake of accounting that does not invalidate consent, and B must return the P720 overpayment. 3. Mistakes about substance or principal conditions can invalidate consent

    Copyright:

    Public Domain
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    318 views1 page

    Essay: Direction: Explain The Following Statements/question in Not Less Than 5 Sentences

    Uploaded by

    Celestino Alis
    1. The contract between S, who was insane, and B, who was a minor, for the sale of a radio for P400 is voidable. However, the contract becomes valid when S's mother, as guardian, ratified the contract by accepting the P400 payment for food. 2. The contract between B and S for the purchase of 100 notebooks for P41.95 per piece is valid, even though the invoice mistakenly listed the total as P4,915 instead of the correct P4,195. This was a simple mistake of accounting that does not invalidate consent, and B must return the P720 overpayment. 3. Mistakes about substance or principal conditions can invalidate consent

    Copyright:

    Public Domain
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    OLCBBL01 Business Law (Obligation and Contracts)

    MARTINEZ, Joan Christian S.


    20185548 – OLA6

    ACTIVITY 7
    ESSAY:
    Direction: Explain the following statements/question in not less than 5 sentences.

    1. S, insane orally sold his radio to B, 17 years old for P400. When T, the mother of S learned
    about the sale, she asked S to give her the amount he had received. S obediently gave
    the amount of P400 which his mother used to buy their food. What is the status of the
    contract? Is it valid or voidable?(5points)

    The contract is voidable because the mother of S is deemed to have ratified the
    contract.

    In cases where minors agreed into contracts without the knowledge of their parents or
    guardians, the contract can be transformed into voidable contracts. It both parties are
    incapacitated to give consent, contract maybe unenforceable but can be ratified.

    As per Article 1407, In a contract where both parties are incapable of giving consent,
    express or implied ratification by the parent, or guardian, as the case may be, of one of
    the contracting parties shall give the contract the same effect as if only one of them
    were incapacitated.

    2. B purchase 100 pieces of notebook from S P41.95. When B reached home, he discovered
    that the invoice showed the total amount due of P4,915 instead of P4,195. Is the
    contract valid?(5points)

    This contract is valid. The mistake is a simple mistake of account and does not render
    the consent of the parties vitiated. This shall only give rise to correction. Mistake to
    vitiate consent must refer to the substance of the thing which is the object of the
    contract or to a principal condition which moved the parties to enter into a contract
    The excess P720.00 should be returned by B.

    According to Article 1331, in order that mistake may invalidate consent, it should refer
    to the substance of the thing which is the object of the contract, or to those conditions
    which have principally moved one or both parties to enter into the contract.

    Mistake as to the identity or qualifications of one of the parties will vitiate consent
    only when such identity or qualifications have been the principal cause of the contract.

    A simple mistake of account shall give rise to its correction.

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