Practice question
What does Article 1171 provide about an advance waiver of an action for future fraud?
- It is always valid if notarized.
- It is valid if the promisor pays a small fee.
- It binds every third person automatically.
- It becomes valid merely by being printed in capital letters.
- It is void.
Legal references
- https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html — Civil Code, articles 6 and1171.
- https://lawphil.net/statutes/repacts/ra1992/ra_7394_1992.html — RA 7394, article106: prohibited exoneration clauses for the specified consumer damages.
- https://lawphil.net/judjuris/juri2017/mar2017/gr_164749_2017.html — Abrogar v Cosmos Bottling, GR 164749, March 15 2017, main opinion: waiver and assumption-of-risk issues in the negligence setting.
Answer this question in flashcards to review your response and continue practicing.