Reviewer - quiz 2 - Law on Obligation PDF

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Loss of the thing due extinguishes real obligation when all, except one below are present. Which one is the exception? a. The loss of the thing occurs without the fault of the debtor. b. The debtor is not guilty of fraud. c. The debtor is guilty of delay. d. The obligation is to deliver a specific t...

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1. Loss of the thing due extinguishes real obligation when all, except one below are present. Which one is the exception? a. The loss of the thing occurs without the fault of the debtor. b. The debtor is not guilty of fraud. c. The debtor is guilty of delay. d. The obligation is to deliver a specific thing.

2. One of the following obligations is not immediately demandable. a. obligation with a resolutory condition b. obligaiton with an ex die period c. pure obligation d. obligation with an in diem period

3. Statement 1. A debt as a sole debtor is more onerous than as a soldary debtor. Statement 2. In application of payment, the debtor has the first choice to indicate which particular debt is being paid. a. Both statements are false. b. Statement 1 is true, statement 2 is false. c. Both statements are true. d. Statement 1 is false, statement 2 is true.

4. Presumption when 2 or more creditors or 2 or more debtors concur in one and the same obligation a. Alternative b. Facultative c. Solidary d. Joint

5. Karlo, Ian and Loyd are jointly and severally liable to Mark for P150,000.00. Mark condoned the share of Loyd, which Loyd accepted. Later, Karlo becomes insolvent. What is Mark's right as against Ian? a. Mark can collect from Ian P100,000. b. Mark cannot collect from Ian c. Mark can collect from Ian P150,000. d. Mark can collect from Ian P75,000.

6. A sharp sudden increase of money or credit or both without a corresponding increase in business transactions is called a. deflation b. depreciation c. inflation d. recession

7. A, B, C and D, solidary debtors, are obliged to give V, W, X, Y and Z, joint creditors, P20,000. a. V may collect from C P20,000. b. V may collect from C P1,000. c. V may collect from C P4,000. d. V may collect from C P5,000.

8. A, B, C and D are obliged to give V, W, X, Y and Z P20,000 a. V may collect from A P5,000. b. V may collect from A P20,000. c. V may collect from A P4,000. d. V may collect from A P1,000.

9. Payment shall be made to all but one of the following persons. Which one? a. to any person authorized to receive payment b. to a third person whom the debtor have debt to pay c. the creditor d. to the creditor's successor in interest

10. A, 25, B, 35, and C, 17, are solidary debtors of X in the amount of P9,000. a. X may collect from A P6,000. b. X may collect nothing because the obligation is voidable, C being a minor. c. X may collect from A P9,000. d. X may collect from A P1,000.

11. In consignation, who shall bear the expenses? a. charged to both parties b. no one shall bear the expense c. charged against the creditor d. charged against the debtor

12. A, B and C joint debtors owe P30,000 to D,E and F, solidary creditors. How much can D collect from A? a. P 20,000 b. P 30,000 c. P 5,000 d. P 10,000

13. Hector, Kenneth and Sammy are solidary debtors of Nick in the amount of P30,000, which amount will fall due on April 18, 2012. On the said date, Nick demands payment from Sammy, who turned out to be insane at the time the obligation was constituted. What is the right of Nick? a. Nick may collect from Kenneth the full amount of P30,000. b. Nick may collect from Kenneth the amount of P20,000. c. Nick may collect from Sammy the amount of P10,000. d. Nick may collect from Hector the full amount of P30,000.

14. Collective obligations is presumed by law to be: a. Facultative b. Indivisible c. Alternative d. Joint

15. Claire and Clarissa are jointly and severally liable to Donna for P100,000.00 which is due on Aril 3 , 2012. A week before April 3, 2012, Claire paid the whole amount to Donna. On April 10, 2012, Claire asks for reimbursement from Clarissa. How much will Claire be entitled to receive from Clarissa a. P50,000 plus interest from April 3 to April 10, 2012. b. P50,000 with no interest since she paid before due date. c. P50,000 plus interest from January to April 9, 2012. d. P50,000 only.

16. Consignation alone shall release the debtor in all of following except one. Which is the exception? a. When the creditor refuses to give a receipt. b. When the creditor is incapacitated to receive payment at the time it is due. c. When two or more persons claim the same right to collect. d. When the creditor is dead.

17. In monetary obligation, the payment must be legal tender. Legal tender are the following, EXCEPT a. P1,000 for P1, P5, and P10 coins. b. None of the above. c. P100 for 1 centavo, 5 centavos, 10 centavos and 25 centavos. d. All bills are legal tender up to any amount.

18. Payment made is valid except when it is paid to a. the obligee's successor in interest b. the creditor or oblige c. a minor who has fully benefited from it d. a senile person

19. Roy and Carlos both undertook a contract to deliver to Sam in Manila a boat docked in Subic. Before they could deliver it, however, the boat sank in a storm. The contract provides that fortuitous event shall not exempt Roy and Carlos from their obligation. Owing to the loss of the motorboat, such obligation is deemed converted into one of indemnity for damages. Is the liability of Roy and Carlos joint or solidary? a. Joint since the conversion of their liability to one of indemnity for damages made it joint b. Neither solidary nor joint since they cannot waive the defense of fortuitous event to which they are entitled c. Solidary since Roy and Carlos failed to perform their obligation to deliver the motorboat d. Solidary or joint upon the discretion of Sam

20. Consignation alone without any tender of payment is sufficient in the following cases, except: a. when without just cause, the creditor refuses to give a receipt. b. when the creditor presents the title to the obligation for collection. c. when the creditor is absent or unknown or does not appear at the place of payment. d. when to or more persons claim the same right to collect....