Which of the Following Is False Regarding Rescinding a Contract

question 1

Multiple Choice

Which of the following is false regarding rescinding a contract in the Philippines?

• A) If consent is given through mistake, violence, intimidation, undue influence, or fraud, contracts are valid until they are annulled.
• B) The period in which to annul a contract for mistake, violence, intimidation, undue influence, or fraud is four years.
• C) In cases of intimidation, violence, or undue influence, the time period for annulling a contract is measured from the time the defect in the assent ceases.
• D) In cases of mistake or fraud, the time period for annulling a contract is measured from the time of the discovery of the defect.
• E) The law of the Philippines in regard to rescinding a contract for mistake, violence, intimidation, undue influence, or fraud is typical to that of the U.S.

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Definitions:

Persuasion

The act or process of influencing someone's beliefs, attitudes, or behaviors through argument, reasoning, or appeal to emotion.

Human Communication

The process by which individuals exchange information, feelings, and meanings through verbal and non-verbal messages.

Two-Step Flow Theory

A communication theory that suggests information from the media moves in two distinct stages: first to opinion leaders, who in turn pass it on to a wider population.

Early Adopters

Individuals or organizations that begin using a new product, technology, or innovation early in its life cycle, often influencing others.