Question:

In order that fraud may make a contract void able:

A.

It may be incidental but both parties should not be in pari delicto.

B.

It may be serious and the parties must be in pari delicio.

C.

It may be incidental but should have been employed by both parties.

D.

It should be serious and should have not have been employed by both contracting parties.

Answer» d. It should be serious and should have not have been employed by both contracting parties.

Question:

Which of the period in the following cases is intended for the benefit of the debtor?

A.

Payable on December 31, 2006

B.

Payable before December 31, 2006

C.

Payable on or before December 31, 2006

D.

All of the above

Answer» b. Payable before December 31, 2006