LA Notary Obligations and Contracts 1

Question 1

Under the Louisiana Civil Code, what are the three classifications of obligations based on their object?

Accepted Answer

To give, to do, and not to do

Answer

Louisiana Civil Code Art. 1756 classifies obligations by their object as: to give (transfer a thing), to do (perform an act), or not to do (refrain from an act).

Question 2

Which four elements are required for a valid contract under Louisiana Civil Code?

Accepted Answer

Capacity, consent, cause, and a lawful object

Answer

Under Louisiana Civil Code Art. 1927, a valid contract requires the capacity of the parties, their consent, a certain object, and a lawful cause.

Question 3

What distinguishes an 'onerous' contract from a 'gratuitous' contract under Louisiana Civil Code?

Accepted Answer

In an onerous contract each party obligates himself for the benefit of the other; in a gratuitous contract one party benefits the other without receiving a benefit in return

Answer

Louisiana Civil Code Art. 1909 defines an onerous contract as one in which each party obligates himself for the benefit of the other, while a gratuitous contract benefits one party without the other receiving anything in return.

Question 4

Under Louisiana Civil Code, a 'suspensive condition' attached to an obligation means that:

Accepted Answer

The obligation comes into existence only if and when the condition is fulfilled

Answer

Per Louisiana Civil Code Art. 1767, a suspensive condition is one that makes the existence of the obligation depend upon the uncertain event — the obligation arises only when the condition is fulfilled.

Question 5

Which of the following vices of consent can vitiate (invalidate) a contract under Louisiana Civil Code?

Accepted Answer

Error, fraud, and duress (violence)

Answer

Louisiana Civil Code Art. 1948 provides that consent may be vitiated by error, fraud, or duress (violence); inadequacy of price alone does not vitiate consent except where lesion is specifically available.

LA Notary - Louisiana Notary Exam Practice Test

LA Notary - Louisiana Notary Exam Practice Test

LA Notary Obligations and Contracts 1