PART I TRUE OR FALSE. Explain your answer briefly. Deeds of release, waivers and quitclaims are always valid and binding. (2%) SUGGESTED ANSWER: FALSE. Deeds of release, waivers and quitclaims are not always valid and binding. An agreement is valid and binding only if : (a) the parties understand the terms and conditions of … Continue reading Bar Exam 2010 Suggested Answers in Labor and Social Legislation by the UP Law Center