DIFFICULT

ROUND

DIFFICULT QUESTION NO. 1

What company that was the

fourth most valuable brand in the
world after Disney, Coca-Cola
and Microsoft as recently as
fifteen years ago filed for
bankruptcy in January 2012
having failed to adapt to the
digital age?

25

DIFFICULT QUESTION NO. 1

What company that was the

fourth most valuable brand in the
world after Disney, Coca-Cola
and Microsoft as recently as
fifteen years ago filed for
bankruptcy in January 2012
having failed to adapt to the
digital age?

25

DIFFICULT QUESTION NO. 1

What company that was the

fourth most valuable brand in the
world after Disney, Coca-Cola
and Microsoft as recently as
fifteen years ago filed for
bankruptcy in January 2012
having failed to adapt to the
digital age?

24

DIFFICULT QUESTION NO. 1

What company that was the

fourth most valuable brand in the
world after Disney, Coca-Cola
and Microsoft as recently as
fifteen years ago filed for
bankruptcy in January 2012
having failed to adapt to the
digital age?

23

DIFFICULT QUESTION NO. 1

What company that was the

fourth most valuable brand in the
world after Disney, Coca-Cola
and Microsoft as recently as
fifteen years ago filed for
bankruptcy in January 2012
having failed to adapt to the
digital age?

22

DIFFICULT QUESTION NO. 1

What company that was the

fourth most valuable brand in the
world after Disney, Coca-Cola
and Microsoft as recently as
fifteen years ago filed for
bankruptcy in January 2012
having failed to adapt to the
digital age?

21

DIFFICULT QUESTION NO. 1

What company that was the

fourth most valuable brand in the
world after Disney, Coca-Cola
and Microsoft as recently as
fifteen years ago filed for
bankruptcy in January 2012
having failed to adapt to the
digital age?

20

DIFFICULT QUESTION NO. 1

What company that was the

fourth most valuable brand in the
world after Disney, Coca-Cola
and Microsoft as recently as
fifteen years ago filed for
bankruptcy in January 2012
having failed to adapt to the
digital age?

19

DIFFICULT QUESTION NO. 1

What company that was the

fourth most valuable brand in the
world after Disney, Coca-Cola
and Microsoft as recently as
fifteen years ago filed for
bankruptcy in January 2012
having failed to adapt to the
digital age?

18

DIFFICULT QUESTION NO. 1

What company that was the

fourth most valuable brand in the
world after Disney, Coca-Cola
and Microsoft as recently as
fifteen years ago filed for
bankruptcy in January 2012
having failed to adapt to the
digital age?

17

DIFFICULT QUESTION NO. 1

What company that was the

fourth most valuable brand in the
world after Disney, Coca-Cola
and Microsoft as recently as
fifteen years ago filed for
bankruptcy in January 2012
having failed to adapt to the
digital age?

16

DIFFICULT QUESTION NO. 1

What company that was the

fourth most valuable brand in the
world after Disney, Coca-Cola
and Microsoft as recently as
fifteen years ago filed for
bankruptcy in January 2012
having failed to adapt to the
digital age?

15

DIFFICULT QUESTION NO. 1

What company that was the

fourth most valuable brand in the
world after Disney, Coca-Cola
and Microsoft as recently as
fifteen years ago filed for
bankruptcy in January 2012
having failed to adapt to the
digital age?

14

DIFFICULT QUESTION NO. 1

What company that was the

fourth most valuable brand in the
world after Disney, Coca-Cola
and Microsoft as recently as
fifteen years ago filed for
bankruptcy in January 2012
having failed to adapt to the
digital age?

13

DIFFICULT QUESTION NO. 1

What company that was the

fourth most valuable brand in the
world after Disney, Coca-Cola
and Microsoft as recently as
fifteen years ago filed for
bankruptcy in January 2012
having failed to adapt to the
digital age?

12

DIFFICULT QUESTION NO. 1

What company that was the

fourth most valuable brand in the
world after Disney, Coca-Cola
and Microsoft as recently as
fifteen years ago filed for
bankruptcy in January 2012
having failed to adapt to the
digital age?

11

DIFFICULT QUESTION NO. 1

What company that was the

fourth most valuable brand in the
world after Disney, Coca-Cola
and Microsoft as recently as
fifteen years ago filed for
bankruptcy in January 2012
having failed to adapt to the
digital age?

10

DIFFICULT QUESTION NO. 1

What company that was the

fourth most valuable brand in the
world after Disney, Coca-Cola
and Microsoft as recently as
fifteen years ago filed for
bankruptcy in January 2012
having failed to adapt to the
digital age?

DIFFICULT QUESTION NO. 1

What company that was the

fourth most valuable brand in the
world after Disney, Coca-Cola
and Microsoft as recently as
fifteen years ago filed for
bankruptcy in January 2012
having failed to adapt to the
digital age?

DIFFICULT QUESTION NO. 1

What company that was the

fourth most valuable brand in the
world after Disney, Coca-Cola
and Microsoft as recently as
fifteen years ago filed for
bankruptcy in January 2012
having failed to adapt to the
digital age?

DIFFICULT QUESTION NO. 1

What company that was the

fourth most valuable brand in the
world after Disney, Coca-Cola
and Microsoft as recently as
fifteen years ago filed for
bankruptcy in January 2012
having failed to adapt to the
digital age?

DIFFICULT QUESTION NO. 1

What company that was the

fourth most valuable brand in the
world after Disney, Coca-Cola
and Microsoft as recently as
fifteen years ago filed for
bankruptcy in January 2012
having failed to adapt to the
digital age?

DIFFICULT QUESTION NO. 1

What company that was the

fourth most valuable brand in the
world after Disney, Coca-Cola
and Microsoft as recently as
fifteen years ago filed for
bankruptcy in January 2012
having failed to adapt to the
digital age?

DIFFICULT QUESTION NO. 1

What company that was the

fourth most valuable brand in the
world after Disney, Coca-Cola
and Microsoft as recently as
fifteen years ago filed for
bankruptcy in January 2012
having failed to adapt to the
digital age?

DIFFICULT QUESTION NO. 1

What company that was the

fourth most valuable brand in the
world after Disney, Coca-Cola
and Microsoft as recently as
fifteen years ago filed for
bankruptcy in January 2012
having failed to adapt to the
digital age?

DIFFICULT QUESTION NO. 1

What company that was the

fourth most valuable brand in the
world after Disney, Coca-Cola
and Microsoft as recently as
fifteen years ago filed for
bankruptcy in January 2012
having failed to adapt to the
digital age?

TIMES UP!
BOARDS UP!

CORRECT ANSWER:

Kodak

DIFFICULT QUESTION NO. 2

Kris, Cristy and Dina are partners with capital balances on
December 31, 2014 of P300,000, P300,000 and P200,000,
respectively. Profits are shared equally. Dina wishes to
withdraw and it is agreed that she is to take certain furniture
and fixtures at their second-hand value of P12,000 and note for
the balance of her interest. The furniture and fixtures are
carried on the books as fully depreciated. Brand new furniture
and fixtures may cost P20,000, Dinas acquisition of the
second-hand furniture will result to:
a.Increase in the capital of P4,000 each for Kris, Cristy and Dina
b.Increase in the capital of P6,000 each for Kris, and Cristy
c.Increase in the capital of P10,000 each Kris, and Cristy
d.Increase in the capital of P8,000 for Dina

60

DIFFICULT QUESTION NO. 2

Kris, Cristy and Dina are partners with capital balances on
December 31, 2014 of P300,000, P300,000 and P200,000,
respectively. Profits are shared equally. Dina wishes to
withdraw and it is agreed that she is to take certain furniture
and fixtures at their second-hand value of P12,000 and note for
the balance of her interest. The furniture and fixtures are
carried on the books as fully depreciated. Brand new furniture
and fixtures may cost P20,000, Dinas acquisition of the
second-hand furniture will result to:
a.Increase in the capital of P4,000 each for Kris, Cristy and Dina
b.Increase in the capital of P6,000 each for Kris, and Cristy
c.Increase in the capital of P10,000 each Kris, and Cristy
d.Increase in the capital of P8,000 for Dina

60

DIFFICULT QUESTION NO. 2

Kris, Cristy and Dina are partners with capital balances on
December 31, 2014 of P300,000, P300,000 and P200,000,
respectively. Profits are shared equally. Dina wishes to
withdraw and it is agreed that she is to take certain furniture
and fixtures at their second-hand value of P12,000 and note for
the balance of her interest. The furniture and fixtures are
carried on the books as fully depreciated. Brand new furniture
and fixtures may cost P20,000, Dinas acquisition of the
second-hand furniture will result to:
a.Increase in the capital of P4,000 each for Kris, Cristy and Dina
b.Increase in the capital of P6,000 each for Kris, and Cristy
c.Increase in the capital of P10,000 each Kris, and Cristy
d.Increase in the capital of P8,000 for Dina

50

DIFFICULT QUESTION NO. 2

Kris, Cristy and Dina are partners with capital balances on
December 31, 2014 of P300,000, P300,000 and P200,000,
respectively. Profits are shared equally. Dina wishes to
withdraw and it is agreed that she is to take certain furniture
and fixtures at their second-hand value of P12,000 and note for
the balance of her interest. The furniture and fixtures are
carried on the books as fully depreciated. Brand new furniture
and fixtures may cost P20,000, Dinas acquisition of the
second-hand furniture will result to:
a.Increase in the capital of P4,000 each for Kris, Cristy and Dina
b.Increase in the capital of P6,000 each for Kris, and Cristy
c.Increase in the capital of P10,000 each Kris, and Cristy
d.Increase in the capital of P8,000 for Dina

40

DIFFICULT QUESTION NO. 2

Kris, Cristy and Dina are partners with capital balances on
December 31, 2014 of P300,000, P300,000 and P200,000,
respectively. Profits are shared equally. Dina wishes to
withdraw and it is agreed that she is to take certain furniture
and fixtures at their second-hand value of P12,000 and note for
the balance of her interest. The furniture and fixtures are
carried on the books as fully depreciated. Brand new furniture
and fixtures may cost P20,000, Dinas acquisition of the
second-hand furniture will result to:
a.Increase in the capital of P4,000 each for Kris, Cristy and Dina
b.Increase in the capital of P6,000 each for Kris, and Cristy
c.Increase in the capital of P10,000 each Kris, and Cristy
d.Increase in the capital of P8,000 for Dina

30

DIFFICULT QUESTION NO. 2

Kris, Cristy and Dina are partners with capital balances on
December 31, 2014 of P300,000, P300,000 and P200,000,
respectively. Profits are shared equally. Dina wishes to
withdraw and it is agreed that she is to take certain furniture
and fixtures at their second-hand value of P12,000 and note for
the balance of her interest. The furniture and fixtures are
carried on the books as fully depreciated. Brand new furniture
and fixtures may cost P20,000, Dinas acquisition of the
second-hand furniture will result to:
a.Increase in the capital of P4,000 each for Kris, Cristy and Dina
b.Increase in the capital of P6,000 each for Kris, and Cristy
c.Increase in the capital of P10,000 each Kris, and Cristy
d.Increase in the capital of P8,000 for Dina

29

DIFFICULT QUESTION NO. 2

Kris, Cristy and Dina are partners with capital balances on
December 31, 2014 of P300,000, P300,000 and P200,000,
respectively. Profits are shared equally. Dina wishes to
withdraw and it is agreed that she is to take certain furniture
and fixtures at their second-hand value of P12,000 and note for
the balance of her interest. The furniture and fixtures are
carried on the books as fully depreciated. Brand new furniture
and fixtures may cost P20,000, Dinas acquisition of the
second-hand furniture will result to:
a.Increase in the capital of P4,000 each for Kris, Cristy and Dina
b.Increase in the capital of P6,000 each for Kris, and Cristy
c.Increase in the capital of P10,000 each Kris, and Cristy
d.Increase in the capital of P8,000 for Dina

28

DIFFICULT QUESTION NO. 2

Kris, Cristy and Dina are partners with capital balances on
December 31, 2014 of P300,000, P300,000 and P200,000,
respectively. Profits are shared equally. Dina wishes to
withdraw and it is agreed that she is to take certain furniture
and fixtures at their second-hand value of P12,000 and note for
the balance of her interest. The furniture and fixtures are
carried on the books as fully depreciated. Brand new furniture
and fixtures may cost P20,000, Dinas acquisition of the
second-hand furniture will result to:
a.Increase in the capital of P4,000 each for Kris, Cristy and Dina
b.Increase in the capital of P6,000 each for Kris, and Cristy
c.Increase in the capital of P10,000 each Kris, and Cristy
d.Increase in the capital of P8,000 for Dina

27

DIFFICULT QUESTION NO. 2

Kris, Cristy and Dina are partners with capital balances on
December 31, 2014 of P300,000, P300,000 and P200,000,
respectively. Profits are shared equally. Dina wishes to
withdraw and it is agreed that she is to take certain furniture
and fixtures at their second-hand value of P12,000 and note for
the balance of her interest. The furniture and fixtures are
carried on the books as fully depreciated. Brand new furniture
and fixtures may cost P20,000, Dinas acquisition of the
second-hand furniture will result to:
a.Increase in the capital of P4,000 each for Kris, Cristy and Dina
b.Increase in the capital of P6,000 each for Kris, and Cristy
c.Increase in the capital of P10,000 each Kris, and Cristy
d.Increase in the capital of P8,000 for Dina

26

DIFFICULT QUESTION NO. 2

Kris, Cristy and Dina are partners with capital balances on
December 31, 2014 of P300,000, P300,000 and P200,000,
respectively. Profits are shared equally. Dina wishes to
withdraw and it is agreed that she is to take certain furniture
and fixtures at their second-hand value of P12,000 and note for
the balance of her interest. The furniture and fixtures are
carried on the books as fully depreciated. Brand new furniture
and fixtures may cost P20,000, Dinas acquisition of the
second-hand furniture will result to:
a.Increase in the capital of P4,000 each for Kris, Cristy and Dina
b.Increase in the capital of P6,000 each for Kris, and Cristy
c.Increase in the capital of P10,000 each Kris, and Cristy
d.Increase in the capital of P8,000 for Dina

25

DIFFICULT QUESTION NO. 2

Kris, Cristy and Dina are partners with capital balances on
December 31, 2014 of P300,000, P300,000 and P200,000,
respectively. Profits are shared equally. Dina wishes to
withdraw and it is agreed that she is to take certain furniture
and fixtures at their second-hand value of P12,000 and note for
the balance of her interest. The furniture and fixtures are
carried on the books as fully depreciated. Brand new furniture
and fixtures may cost P20,000, Dinas acquisition of the
second-hand furniture will result to:
a.Increase in the capital of P4,000 each for Kris, Cristy and Dina
b.Increase in the capital of P6,000 each for Kris, and Cristy
c.Increase in the capital of P10,000 each Kris, and Cristy
d.Increase in the capital of P8,000 for Dina

24

DIFFICULT QUESTION NO. 2

Kris, Cristy and Dina are partners with capital balances on
December 31, 2014 of P300,000, P300,000 and P200,000,
respectively. Profits are shared equally. Dina wishes to
withdraw and it is agreed that she is to take certain furniture
and fixtures at their second-hand value of P12,000 and note for
the balance of her interest. The furniture and fixtures are
carried on the books as fully depreciated. Brand new furniture
and fixtures may cost P20,000, Dinas acquisition of the
second-hand furniture will result to:
a.Increase in the capital of P4,000 each for Kris, Cristy and Dina
b.Increase in the capital of P6,000 each for Kris, and Cristy
c.Increase in the capital of P10,000 each Kris, and Cristy
d.Increase in the capital of P8,000 for Dina

23

DIFFICULT QUESTION NO. 2

Kris, Cristy and Dina are partners with capital balances on
December 31, 2014 of P300,000, P300,000 and P200,000,
respectively. Profits are shared equally. Dina wishes to
withdraw and it is agreed that she is to take certain furniture
and fixtures at their second-hand value of P12,000 and note for
the balance of her interest. The furniture and fixtures are
carried on the books as fully depreciated. Brand new furniture
and fixtures may cost P20,000, Dinas acquisition of the
second-hand furniture will result to:
a.Increase in the capital of P4,000 each for Kris, Cristy and Dina
b.Increase in the capital of P6,000 each for Kris, and Cristy
c.Increase in the capital of P10,000 each Kris, and Cristy
d.Increase in the capital of P8,000 for Dina

22

DIFFICULT QUESTION NO. 2

Kris, Cristy and Dina are partners with capital balances on
December 31, 2014 of P300,000, P300,000 and P200,000,
respectively. Profits are shared equally. Dina wishes to
withdraw and it is agreed that she is to take certain furniture
and fixtures at their second-hand value of P12,000 and note for
the balance of her interest. The furniture and fixtures are
carried on the books as fully depreciated. Brand new furniture
and fixtures may cost P20,000, Dinas acquisition of the
second-hand furniture will result to:
a.Increase in the capital of P4,000 each for Kris, Cristy and Dina
b.Increase in the capital of P6,000 each for Kris, and Cristy
c.Increase in the capital of P10,000 each Kris, and Cristy
d.Increase in the capital of P8,000 for Dina

21

DIFFICULT QUESTION NO. 2

Kris, Cristy and Dina are partners with capital balances on
December 31, 2014 of P300,000, P300,000 and P200,000,
respectively. Profits are shared equally. Dina wishes to
withdraw and it is agreed that she is to take certain furniture
and fixtures at their second-hand value of P12,000 and note for
the balance of her interest. The furniture and fixtures are
carried on the books as fully depreciated. Brand new furniture
and fixtures may cost P20,000, Dinas acquisition of the
second-hand furniture will result to:
a.Increase in the capital of P4,000 each for Kris, Cristy and Dina
b.Increase in the capital of P6,000 each for Kris, and Cristy
c.Increase in the capital of P10,000 each Kris, and Cristy
d.Increase in the capital of P8,000 for Dina

20

DIFFICULT QUESTION NO. 2

Kris, Cristy and Dina are partners with capital balances on
December 31, 2014 of P300,000, P300,000 and P200,000,
respectively. Profits are shared equally. Dina wishes to
withdraw and it is agreed that she is to take certain furniture
and fixtures at their second-hand value of P12,000 and note for
the balance of her interest. The furniture and fixtures are
carried on the books as fully depreciated. Brand new furniture
and fixtures may cost P20,000, Dinas acquisition of the
second-hand furniture will result to:
a.Increase in the capital of P4,000 each for Kris, Cristy and Dina
b.Increase in the capital of P6,000 each for Kris, and Cristy
c.Increase in the capital of P10,000 each Kris, and Cristy
d.Increase in the capital of P8,000 for Dina

19

DIFFICULT QUESTION NO. 2

Kris, Cristy and Dina are partners with capital balances on
December 31, 2014 of P300,000, P300,000 and P200,000,
respectively. Profits are shared equally. Dina wishes to
withdraw and it is agreed that she is to take certain furniture
and fixtures at their second-hand value of P12,000 and note for
the balance of her interest. The furniture and fixtures are
carried on the books as fully depreciated. Brand new furniture
and fixtures may cost P20,000, Dinas acquisition of the
second-hand furniture will result to:
a.Increase in the capital of P4,000 each for Kris, Cristy and Dina
b.Increase in the capital of P6,000 each for Kris, and Cristy
c.Increase in the capital of P10,000 each Kris, and Cristy
d.Increase in the capital of P8,000 for Dina

18

DIFFICULT QUESTION NO. 2

Kris, Cristy and Dina are partners with capital balances on
December 31, 2014 of P300,000, P300,000 and P200,000,
respectively. Profits are shared equally. Dina wishes to
withdraw and it is agreed that she is to take certain furniture
and fixtures at their second-hand value of P12,000 and note for
the balance of her interest. The furniture and fixtures are
carried on the books as fully depreciated. Brand new furniture
and fixtures may cost P20,000, Dinas acquisition of the
second-hand furniture will result to:
a.Increase in the capital of P4,000 each for Kris, Cristy and Dina
b.Increase in the capital of P6,000 each for Kris, and Cristy
c.Increase in the capital of P10,000 each Kris, and Cristy
d.Increase in the capital of P8,000 for Dina

17

DIFFICULT QUESTION NO. 2

Kris, Cristy and Dina are partners with capital balances on
December 31, 2014 of P300,000, P300,000 and P200,000,
respectively. Profits are shared equally. Dina wishes to
withdraw and it is agreed that she is to take certain furniture
and fixtures at their second-hand value of P12,000 and note for
the balance of her interest. The furniture and fixtures are
carried on the books as fully depreciated. Brand new furniture
and fixtures may cost P20,000, Dinas acquisition of the
second-hand furniture will result to:
a.Increase in the capital of P4,000 each for Kris, Cristy and Dina
b.Increase in the capital of P6,000 each for Kris, and Cristy
c.Increase in the capital of P10,000 each Kris, and Cristy
d.Increase in the capital of P8,000 for Dina

16

DIFFICULT QUESTION NO. 2

Kris, Cristy and Dina are partners with capital balances on
December 31, 2014 of P300,000, P300,000 and P200,000,
respectively. Profits are shared equally. Dina wishes to
withdraw and it is agreed that she is to take certain furniture
and fixtures at their second-hand value of P12,000 and note for
the balance of her interest. The furniture and fixtures are
carried on the books as fully depreciated. Brand new furniture
and fixtures may cost P20,000, Dinas acquisition of the
second-hand furniture will result to:
a.Increase in the capital of P4,000 each for Kris, Cristy and Dina
b.Increase in the capital of P6,000 each for Kris, and Cristy
c.Increase in the capital of P10,000 each Kris, and Cristy
d.Increase in the capital of P8,000 for Dina

15

DIFFICULT QUESTION NO. 2

Kris, Cristy and Dina are partners with capital balances on
December 31, 2014 of P300,000, P300,000 and P200,000,
respectively. Profits are shared equally. Dina wishes to
withdraw and it is agreed that she is to take certain furniture
and fixtures at their second-hand value of P12,000 and note for
the balance of her interest. The furniture and fixtures are
carried on the books as fully depreciated. Brand new furniture
and fixtures may cost P20,000, Dinas acquisition of the
second-hand furniture will result to:
a.Increase in the capital of P4,000 each for Kris, Cristy and Dina
b.Increase in the capital of P6,000 each for Kris, and Cristy
c.Increase in the capital of P10,000 each Kris, and Cristy
d.Increase in the capital of P8,000 for Dina

14

DIFFICULT QUESTION NO. 2

Kris, Cristy and Dina are partners with capital balances on
December 31, 2014 of P300,000, P300,000 and P200,000,
respectively. Profits are shared equally. Dina wishes to
withdraw and it is agreed that she is to take certain furniture
and fixtures at their second-hand value of P12,000 and note for
the balance of her interest. The furniture and fixtures are
carried on the books as fully depreciated. Brand new furniture
and fixtures may cost P20,000, Dinas acquisition of the
second-hand furniture will result to:
a.Increase in the capital of P4,000 each for Kris, Cristy and Dina
b.Increase in the capital of P6,000 each for Kris, and Cristy
c.Increase in the capital of P10,000 each Kris, and Cristy
d.Increase in the capital of P8,000 for Dina

13

DIFFICULT QUESTION NO. 2

Kris, Cristy and Dina are partners with capital balances on
December 31, 2014 of P300,000, P300,000 and P200,000,
respectively. Profits are shared equally. Dina wishes to
withdraw and it is agreed that she is to take certain furniture
and fixtures at their second-hand value of P12,000 and note for
the balance of her interest. The furniture and fixtures are
carried on the books as fully depreciated. Brand new furniture
and fixtures may cost P20,000, Dinas acquisition of the
second-hand furniture will result to:
a.Increase in the capital of P4,000 each for Kris, Cristy and Dina
b.Increase in the capital of P6,000 each for Kris, and Cristy
c.Increase in the capital of P10,000 each Kris, and Cristy
d.Increase in the capital of P8,000 for Dina

12

DIFFICULT QUESTION NO. 2

Kris, Cristy and Dina are partners with capital balances on
December 31, 2014 of P300,000, P300,000 and P200,000,
respectively. Profits are shared equally. Dina wishes to
withdraw and it is agreed that she is to take certain furniture
and fixtures at their second-hand value of P12,000 and note for
the balance of her interest. The furniture and fixtures are
carried on the books as fully depreciated. Brand new furniture
and fixtures may cost P20,000, Dinas acquisition of the
second-hand furniture will result to:
a.Increase in the capital of P4,000 each for Kris, Cristy and Dina
b.Increase in the capital of P6,000 each for Kris, and Cristy
c.Increase in the capital of P10,000 each Kris, and Cristy
d.Increase in the capital of P8,000 for Dina

11

DIFFICULT QUESTION NO. 2

Kris, Cristy and Dina are partners with capital balances on
December 31, 2014 of P300,000, P300,000 and P200,000,
respectively. Profits are shared equally. Dina wishes to
withdraw and it is agreed that she is to take certain furniture
and fixtures at their second-hand value of P12,000 and note for
the balance of her interest. The furniture and fixtures are
carried on the books as fully depreciated. Brand new furniture
and fixtures may cost P20,000, Dinas acquisition of the
second-hand furniture will result to:
a.Increase in the capital of P4,000 each for Kris, Cristy and Dina
b.Increase in the capital of P6,000 each for Kris, and Cristy
c.Increase in the capital of P10,000 each Kris, and Cristy
d.Increase in the capital of P8,000 for Dina

10

DIFFICULT QUESTION NO. 2

Kris, Cristy and Dina are partners with capital balances on
December 31, 2014 of P300,000, P300,000 and P200,000,
respectively. Profits are shared equally. Dina wishes to
withdraw and it is agreed that she is to take certain furniture
and fixtures at their second-hand value of P12,000 and note for
the balance of her interest. The furniture and fixtures are
carried on the books as fully depreciated. Brand new furniture
and fixtures may cost P20,000, Dinas acquisition of the
second-hand furniture will result to:
a.Increase in the capital of P4,000 each for Kris, Cristy and Dina
b.Increase in the capital of P6,000 each for Kris, and Cristy
c.Increase in the capital of P10,000 each Kris, and Cristy
d.Increase in the capital of P8,000 for Dina

DIFFICULT QUESTION NO. 2

Kris, Cristy and Dina are partners with capital balances on
December 31, 2014 of P300,000, P300,000 and P200,000,
respectively. Profits are shared equally. Dina wishes to
withdraw and it is agreed that she is to take certain furniture
and fixtures at their second-hand value of P12,000 and note for
the balance of her interest. The furniture and fixtures are
carried on the books as fully depreciated. Brand new furniture
and fixtures may cost P20,000, Dinas acquisition of the
second-hand furniture will result to:
a.Increase in the capital of P4,000 each for Kris, Cristy and Dina
b.Increase in the capital of P6,000 each for Kris, and Cristy
c.Increase in the capital of P10,000 each Kris, and Cristy
d.Increase in the capital of P8,000 for Dina

DIFFICULT QUESTION NO. 2

Kris, Cristy and Dina are partners with capital balances on
December 31, 2014 of P300,000, P300,000 and P200,000,
respectively. Profits are shared equally. Dina wishes to
withdraw and it is agreed that she is to take certain furniture
and fixtures at their second-hand value of P12,000 and note for
the balance of her interest. The furniture and fixtures are
carried on the books as fully depreciated. Brand new furniture
and fixtures may cost P20,000, Dinas acquisition of the
second-hand furniture will result to:
a.Increase in the capital of P4,000 each for Kris, Cristy and Dina
b.Increase in the capital of P6,000 each for Kris, and Cristy
c.Increase in the capital of P10,000 each Kris, and Cristy
d.Increase in the capital of P8,000 for Dina

DIFFICULT QUESTION NO. 2

Kris, Cristy and Dina are partners with capital balances on
December 31, 2014 of P300,000, P300,000 and P200,000,
respectively. Profits are shared equally. Dina wishes to
withdraw and it is agreed that she is to take certain furniture
and fixtures at their second-hand value of P12,000 and note for
the balance of her interest. The furniture and fixtures are
carried on the books as fully depreciated. Brand new furniture
and fixtures may cost P20,000, Dinas acquisition of the
second-hand furniture will result to:
a.Increase in the capital of P4,000 each for Kris, Cristy and Dina
b.Increase in the capital of P6,000 each for Kris, and Cristy
c.Increase in the capital of P10,000 each Kris, and Cristy
d.Increase in the capital of P8,000 for Dina

DIFFICULT QUESTION NO. 2

Kris, Cristy and Dina are partners with capital balances on
December 31, 2014 of P300,000, P300,000 and P200,000,
respectively. Profits are shared equally. Dina wishes to
withdraw and it is agreed that she is to take certain furniture
and fixtures at their second-hand value of P12,000 and note for
the balance of her interest. The furniture and fixtures are
carried on the books as fully depreciated. Brand new furniture
and fixtures may cost P20,000, Dinas acquisition of the
second-hand furniture will result to:
a.Increase in the capital of P4,000 each for Kris, Cristy and Dina
b.Increase in the capital of P6,000 each for Kris, and Cristy
c.Increase in the capital of P10,000 each Kris, and Cristy
d.Increase in the capital of P8,000 for Dina

DIFFICULT QUESTION NO. 2

Kris, Cristy and Dina are partners with capital balances on
December 31, 2014 of P300,000, P300,000 and P200,000,
respectively. Profits are shared equally. Dina wishes to
withdraw and it is agreed that she is to take certain furniture
and fixtures at their second-hand value of P12,000 and note for
the balance of her interest. The furniture and fixtures are
carried on the books as fully depreciated. Brand new furniture
and fixtures may cost P20,000, Dinas acquisition of the
second-hand furniture will result to:
a.Increase in the capital of P4,000 each for Kris, Cristy and Dina
b.Increase in the capital of P6,000 each for Kris, and Cristy
c.Increase in the capital of P10,000 each Kris, and Cristy
d.Increase in the capital of P8,000 for Dina

DIFFICULT QUESTION NO. 2

Kris, Cristy and Dina are partners with capital balances on
December 31, 2014 of P300,000, P300,000 and P200,000,
respectively. Profits are shared equally. Dina wishes to
withdraw and it is agreed that she is to take certain furniture
and fixtures at their second-hand value of P12,000 and note for
the balance of her interest. The furniture and fixtures are
carried on the books as fully depreciated. Brand new furniture
and fixtures may cost P20,000, Dinas acquisition of the
second-hand furniture will result to:
a.Increase in the capital of P4,000 each for Kris, Cristy and Dina
b.Increase in the capital of P6,000 each for Kris, and Cristy
c.Increase in the capital of P10,000 each Kris, and Cristy
d.Increase in the capital of P8,000 for Dina

DIFFICULT QUESTION NO. 2

Kris, Cristy and Dina are partners with capital balances on
December 31, 2014 of P300,000, P300,000 and P200,000,
respectively. Profits are shared equally. Dina wishes to
withdraw and it is agreed that she is to take certain furniture
and fixtures at their second-hand value of P12,000 and note for
the balance of her interest. The furniture and fixtures are
carried on the books as fully depreciated. Brand new furniture
and fixtures may cost P20,000, Dinas acquisition of the
second-hand furniture will result to:
a.Increase in the capital of P4,000 each for Kris, Cristy and Dina
b.Increase in the capital of P6,000 each for Kris, and Cristy
c.Increase in the capital of P10,000 each Kris, and Cristy
d.Increase in the capital of P8,000 for Dina

DIFFICULT QUESTION NO. 2

Kris, Cristy and Dina are partners with capital balances on
December 31, 2014 of P300,000, P300,000 and P200,000,
respectively. Profits are shared equally. Dina wishes to
withdraw and it is agreed that she is to take certain furniture
and fixtures at their second-hand value of P12,000 and note for
the balance of her interest. The furniture and fixtures are
carried on the books as fully depreciated. Brand new furniture
and fixtures may cost P20,000, Dinas acquisition of the
second-hand furniture will result to:
a.Increase in the capital of P4,000 each for Kris, Cristy and Dina
b.Increase in the capital of P6,000 each for Kris, and Cristy
c.Increase in the capital of P10,000 each Kris, and Cristy
d.Increase in the capital of P8,000 for Dina

TIMES UP!
BOARDS UP!

CORRECT ANSWER:

A. Increase in the
capital of P4,000
each for Kris,
Cristy and Dina

DIFFICULT QUESTION NO. 3

The logo of what

company has recently
been named after the
NBA legend Larry Bird?

25

DIFFICULT QUESTION NO. 3

The logo of what

company has recently
been named after the
NBA legend Larry Bird?

25

DIFFICULT QUESTION NO. 3

The logo of what

company has recently
been named after the
NBA legend Larry Bird?

24

DIFFICULT QUESTION NO. 3

The logo of what

company has recently
been named after the
NBA legend Larry Bird?

23

DIFFICULT QUESTION NO. 3

The logo of what

company has recently
been named after the
NBA legend Larry Bird?

22

DIFFICULT QUESTION NO. 3

The logo of what

company has recently
been named after the
NBA legend Larry Bird?

21

DIFFICULT QUESTION NO. 3

The logo of what

company has recently
been named after the
NBA legend Larry Bird?

20

DIFFICULT QUESTION NO. 3

The logo of what

company has recently
been named after the
NBA legend Larry Bird?

19

DIFFICULT QUESTION NO. 3

The logo of what

company has recently
been named after the
NBA legend Larry Bird?

18

DIFFICULT QUESTION NO. 3

The logo of what

company has recently
been named after the
NBA legend Larry Bird?

17

DIFFICULT QUESTION NO. 3

The logo of what

company has recently
been named after the
NBA legend Larry Bird?

16

DIFFICULT QUESTION NO. 3

The logo of what

company has recently
been named after the
NBA legend Larry Bird?

15

DIFFICULT QUESTION NO. 3

The logo of what

company has recently
been named after the
NBA legend Larry Bird?

14

DIFFICULT QUESTION NO. 3

The logo of what

company has recently
been named after the
NBA legend Larry Bird?

13

DIFFICULT QUESTION NO. 3

The logo of what

company has recently
been named after the
NBA legend Larry Bird?

12

DIFFICULT QUESTION NO. 3

The logo of what

company has recently
been named after the
NBA legend Larry Bird?

11

DIFFICULT QUESTION NO. 3

The logo of what

company has recently
been named after the
NBA legend Larry Bird?

10

DIFFICULT QUESTION NO. 3

The logo of what

company has recently
been named after the
NBA legend Larry Bird?

DIFFICULT QUESTION NO. 3

The logo of what

company has recently
been named after the
NBA legend Larry Bird?

DIFFICULT QUESTION NO. 3

The logo of what

company has recently
been named after the
NBA legend Larry Bird?

DIFFICULT QUESTION NO. 3

The logo of what

company has recently
been named after the
NBA legend Larry Bird?

DIFFICULT QUESTION NO. 3

The logo of what

company has recently
been named after the
NBA legend Larry Bird?

DIFFICULT QUESTION NO. 3

The logo of what

company has recently
been named after the
NBA legend Larry Bird?

DIFFICULT QUESTION NO. 3

The logo of what

company has recently
been named after the
NBA legend Larry Bird?

DIFFICULT QUESTION NO. 3

The logo of what

company has recently
been named after the
NBA legend Larry Bird?

DIFFICULT QUESTION NO. 3

The logo of what

company has recently
been named after the
NBA legend Larry Bird?

TIMES UP!
BOARDS UP!

CORRECT ANSWER:

Twitter

DIFFICULT QUESTION NO. 4

A Company had investment in share of stock of B
Company. That it acquired at a cost of P20,000. It also
had investment in share of stock of C Company that it
acquired at cost of P40,000. The value of the share of
stock of B Company had decreased to 15,000, while
the share of stock of C Company are now worthless,
and had to be written off. The deductible loss is?
a. 5,000
b. 40,000
c. 45,000
d. 60,000

60

DIFFICULT QUESTION NO. 4

A Company had investment in share of stock of B
Company. That it acquired at a cost of P20,000. It also
had investment in share of stock of C Company that it
acquired at cost of P40,000. The value of the share of
stock of B Company had decreased to 15,000, while
the share of stock of C Company are now worthless,
and had to be written off. The deductible loss is?
a. 5,000
b. 40,000
c. 45,000
d. 60,000

60

DIFFICULT QUESTION NO. 4

A Company had investment in share of stock of B
Company. That it acquired at a cost of P20,000. It also
had investment in share of stock of C Company that it
acquired at cost of P40,000. The value of the share of
stock of B Company had decreased to 15,000, while
the share of stock of C Company are now worthless,
and had to be written off. The deductible loss is?
a. 5,000
b. 40,000
c. 45,000
d. 60,000

50

DIFFICULT QUESTION NO. 4

A Company had investment in share of stock of B
Company. That it acquired at a cost of P20,000. It also
had investment in share of stock of C Company that it
acquired at cost of P40,000. The value of the share of
stock of B Company had decreased to 15,000, while
the share of stock of C Company are now worthless,
and had to be written off. The deductible loss is?
a. 5,000
b. 40,000
c. 45,000
d. 60,000

40

DIFFICULT QUESTION NO. 4

A Company had investment in share of stock of B
Company. That it acquired at a cost of P20,000. It also
had investment in share of stock of C Company that it
acquired at cost of P40,000. The value of the share of
stock of B Company had decreased to 15,000, while
the share of stock of C Company are now worthless,
and had to be written off. The deductible loss is?
a. 5,000
b. 40,000
c. 45,000
d. 60,000

30

DIFFICULT QUESTION NO. 4

A Company had investment in share of stock of B
Company. That it acquired at a cost of P20,000. It also
had investment in share of stock of C Company that it
acquired at cost of P40,000. The value of the share of
stock of B Company had decreased to 15,000, while
the share of stock of C Company are now worthless,
and had to be written off. The deductible loss is?
a. 5,000
b. 40,000
c. 45,000
d. 60,000

29

DIFFICULT QUESTION NO. 4

A Company had investment in share of stock of B
Company. That it acquired at a cost of P20,000. It also
had investment in share of stock of C Company that it
acquired at cost of P40,000. The value of the share of
stock of B Company had decreased to 15,000, while
the share of stock of C Company are now worthless,
and had to be written off. The deductible loss is?
a. 5,000
b. 40,000
c. 45,000
d. 60,000

28

DIFFICULT QUESTION NO. 4

A Company had investment in share of stock of B
Company. That it acquired at a cost of P20,000. It also
had investment in share of stock of C Company that it
acquired at cost of P40,000. The value of the share of
stock of B Company had decreased to 15,000, while
the share of stock of C Company are now worthless,
and had to be written off. The deductible loss is?
a. 5,000
b. 40,000
c. 45,000
d. 60,000

27

DIFFICULT QUESTION NO. 4

A Company had investment in share of stock of B
Company. That it acquired at a cost of P20,000. It also
had investment in share of stock of C Company that it
acquired at cost of P40,000. The value of the share of
stock of B Company had decreased to 15,000, while
the share of stock of C Company are now worthless,
and had to be written off. The deductible loss is?
a. 5,000
b. 40,000
c. 45,000
d. 60,000

26

DIFFICULT QUESTION NO. 4

A Company had investment in share of stock of B
Company. That it acquired at a cost of P20,000. It also
had investment in share of stock of C Company that it
acquired at cost of P40,000. The value of the share of
stock of B Company had decreased to 15,000, while
the share of stock of C Company are now worthless,
and had to be written off. The deductible loss is?
a. 5,000
b. 40,000
c. 45,000
d. 60,000

25

DIFFICULT QUESTION NO. 4

A Company had investment in share of stock of B
Company. That it acquired at a cost of P20,000. It also
had investment in share of stock of C Company that it
acquired at cost of P40,000. The value of the share of
stock of B Company had decreased to 15,000, while
the share of stock of C Company are now worthless,
and had to be written off. The deductible loss is?
a. 5,000
b. 40,000
c. 45,000
d. 60,000

24

DIFFICULT QUESTION NO. 4

A Company had investment in share of stock of B
Company. That it acquired at a cost of P20,000. It also
had investment in share of stock of C Company that it
acquired at cost of P40,000. The value of the share of
stock of B Company had decreased to 15,000, while
the share of stock of C Company are now worthless,
and had to be written off. The deductible loss is?
a. 5,000
b. 40,000
c. 45,000
d. 60,000

23

DIFFICULT QUESTION NO. 4

A Company had investment in share of stock of B
Company. That it acquired at a cost of P20,000. It also
had investment in share of stock of C Company that it
acquired at cost of P40,000. The value of the share of
stock of B Company had decreased to 15,000, while
the share of stock of C Company are now worthless,
and had to be written off. The deductible loss is?
a. 5,000
b. 40,000
c. 45,000
d. 60,000

22

DIFFICULT QUESTION NO. 4

A Company had investment in share of stock of B
Company. That it acquired at a cost of P20,000. It also
had investment in share of stock of C Company that it
acquired at cost of P40,000. The value of the share of
stock of B Company had decreased to 15,000, while
the share of stock of C Company are now worthless,
and had to be written off. The deductible loss is?
a. 5,000
b. 40,000
c. 45,000
d. 60,000

21

DIFFICULT QUESTION NO. 4

A Company had investment in share of stock of B
Company. That it acquired at a cost of P20,000. It also
had investment in share of stock of C Company that it
acquired at cost of P40,000. The value of the share of
stock of B Company had decreased to 15,000, while
the share of stock of C Company are now worthless,
and had to be written off. The deductible loss is?
a. 5,000
b. 40,000
c. 45,000
d. 60,000

20

DIFFICULT QUESTION NO. 4

A Company had investment in share of stock of B
Company. That it acquired at a cost of P20,000. It also
had investment in share of stock of C Company that it
acquired at cost of P40,000. The value of the share of
stock of B Company had decreased to 15,000, while
the share of stock of C Company are now worthless,
and had to be written off. The deductible loss is?
a. 5,000
b. 40,000
c. 45,000
d. 60,000

19

DIFFICULT QUESTION NO. 4

A Company had investment in share of stock of B
Company. That it acquired at a cost of P20,000. It also
had investment in share of stock of C Company that it
acquired at cost of P40,000. The value of the share of
stock of B Company had decreased to 15,000, while
the share of stock of C Company are now worthless,
and had to be written off. The deductible loss is?
a. 5,000
b. 40,000
c. 45,000
d. 60,000

18

DIFFICULT QUESTION NO. 4

A Company had investment in share of stock of B
Company. That it acquired at a cost of P20,000. It also
had investment in share of stock of C Company that it
acquired at cost of P40,000. The value of the share of
stock of B Company had decreased to 15,000, while
the share of stock of C Company are now worthless,
and had to be written off. The deductible loss is?
a. 5,000
b. 40,000
c. 45,000
d. 60,000

17

DIFFICULT QUESTION NO. 4

A Company had investment in share of stock of B
Company. That it acquired at a cost of P20,000. It also
had investment in share of stock of C Company that it
acquired at cost of P40,000. The value of the share of
stock of B Company had decreased to 15,000, while
the share of stock of C Company are now worthless,
and had to be written off. The deductible loss is?
a. 5,000
b. 40,000
c. 45,000
d. 60,000

16

DIFFICULT QUESTION NO. 4

A Company had investment in share of stock of B
Company. That it acquired at a cost of P20,000. It also
had investment in share of stock of C Company that it
acquired at cost of P40,000. The value of the share of
stock of B Company had decreased to 15,000, while
the share of stock of C Company are now worthless,
and had to be written off. The deductible loss is?
a. 5,000
b. 40,000
c. 45,000
d. 60,000

15

DIFFICULT QUESTION NO. 4

A Company had investment in share of stock of B
Company. That it acquired at a cost of P20,000. It also
had investment in share of stock of C Company that it
acquired at cost of P40,000. The value of the share of
stock of B Company had decreased to 15,000, while
the share of stock of C Company are now worthless,
and had to be written off. The deductible loss is?
a. 5,000
b. 40,000
c. 45,000
d. 60,000

14

DIFFICULT QUESTION NO. 4

A Company had investment in share of stock of B
Company. That it acquired at a cost of P20,000. It also
had investment in share of stock of C Company that it
acquired at cost of P40,000. The value of the share of
stock of B Company had decreased to 15,000, while
the share of stock of C Company are now worthless,
and had to be written off. The deductible loss is?
a. 5,000
b. 40,000
c. 45,000
d. 60,000

13

DIFFICULT QUESTION NO. 4

A Company had investment in share of stock of B
Company. That it acquired at a cost of P20,000. It also
had investment in share of stock of C Company that it
acquired at cost of P40,000. The value of the share of
stock of B Company had decreased to 15,000, while
the share of stock of C Company are now worthless,
and had to be written off. The deductible loss is?
a. 5,000
b. 40,000
c. 45,000
d. 60,000

12

DIFFICULT QUESTION NO. 4

A Company had investment in share of stock of B
Company. That it acquired at a cost of P20,000. It also
had investment in share of stock of C Company that it
acquired at cost of P40,000. The value of the share of
stock of B Company had decreased to 15,000, while
the share of stock of C Company are now worthless,
and had to be written off. The deductible loss is?
a. 5,000
b. 40,000
c. 45,000
d. 60,000

11

DIFFICULT QUESTION NO. 4

A Company had investment in share of stock of B
Company. That it acquired at a cost of P20,000. It also
had investment in share of stock of C Company that it
acquired at cost of P40,000. The value of the share of
stock of B Company had decreased to 15,000, while
the share of stock of C Company are now worthless,
and had to be written off. The deductible loss is?
a. 5,000
b. 40,000
c. 45,000
d. 60,000

10

DIFFICULT QUESTION NO. 4

A Company had investment in share of stock of B
Company. That it acquired at a cost of P20,000. It also
had investment in share of stock of C Company that it
acquired at cost of P40,000. The value of the share of
stock of B Company had decreased to 15,000, while
the share of stock of C Company are now worthless,
and had to be written off. The deductible loss is?
a. 5,000
b. 40,000
c. 45,000
d. 60,000

DIFFICULT QUESTION NO. 4

A Company had investment in share of stock of B
Company. That it acquired at a cost of P20,000. It also
had investment in share of stock of C Company that it
acquired at cost of P40,000. The value of the share of
stock of B Company had decreased to 15,000, while
the share of stock of C Company are now worthless,
and had to be written off. The deductible loss is?
a. 5,000
b. 40,000
c. 45,000
d. 60,000

DIFFICULT QUESTION NO. 4

A Company had investment in share of stock of B
Company. That it acquired at a cost of P20,000. It also
had investment in share of stock of C Company that it
acquired at cost of P40,000. The value of the share of
stock of B Company had decreased to 15,000, while
the share of stock of C Company are now worthless,
and had to be written off. The deductible loss is?
a. 5,000
b. 40,000
c. 45,000
d. 60,000

DIFFICULT QUESTION NO. 4

A Company had investment in share of stock of B
Company. That it acquired at a cost of P20,000. It also
had investment in share of stock of C Company that it
acquired at cost of P40,000. The value of the share of
stock of B Company had decreased to 15,000, while
the share of stock of C Company are now worthless,
and had to be written off. The deductible loss is?
a. 5,000
b. 40,000
c. 45,000
d. 60,000

DIFFICULT QUESTION NO. 4

A Company had investment in share of stock of B
Company. That it acquired at a cost of P20,000. It also
had investment in share of stock of C Company that it
acquired at cost of P40,000. The value of the share of
stock of B Company had decreased to 15,000, while
the share of stock of C Company are now worthless,
and had to be written off. The deductible loss is?
a. 5,000
b. 40,000
c. 45,000
d. 60,000

DIFFICULT QUESTION NO. 4

A Company had investment in share of stock of B
Company. That it acquired at a cost of P20,000. It also
had investment in share of stock of C Company that it
acquired at cost of P40,000. The value of the share of
stock of B Company had decreased to 15,000, while
the share of stock of C Company are now worthless,
and had to be written off. The deductible loss is?
a. 5,000
b. 40,000
c. 45,000
d. 60,000

DIFFICULT QUESTION NO. 4

A Company had investment in share of stock of B
Company. That it acquired at a cost of P20,000. It also
had investment in share of stock of C Company that it
acquired at cost of P40,000. The value of the share of
stock of B Company had decreased to 15,000, while
the share of stock of C Company are now worthless,
and had to be written off. The deductible loss is?
a. 5,000
b. 40,000
c. 45,000
d. 60,000

DIFFICULT QUESTION NO. 4

A Company had investment in share of stock of B
Company. That it acquired at a cost of P20,000. It also
had investment in share of stock of C Company that it
acquired at cost of P40,000. The value of the share of
stock of B Company had decreased to 15,000, while
the share of stock of C Company are now worthless,
and had to be written off. The deductible loss is?
a. 5,000
b. 40,000
c. 45,000
d. 60,000

DIFFICULT QUESTION NO. 4

A Company had investment in share of stock of B
Company. That it acquired at a cost of P20,000. It also
had investment in share of stock of C Company that it
acquired at cost of P40,000. The value of the share of
stock of B Company had decreased to 15,000, while
the share of stock of C Company are now worthless,
and had to be written off. The deductible loss is?
a. 5,000
b. 40,000
c. 45,000
d. 60,000

TIMES UP!
BOARDS UP!

CORRECT ANSWER:

B. P40,000

DIFFICULT QUESTION NO. 5

Robin owes Mariel a house and lot.

Instead of house and lot, Robin gave
Mariel a luxury car which costs more
than the value of the house and lot.
The obligation of Robin to give Mariel
a house and lot is extinguished by
means of -

25

DIFFICULT QUESTION NO. 5

Robin owes Mariel a house and lot.

Instead of house and lot, Robin gave
Mariel a luxury car which costs more
than the value of the house and lot.
The obligation of Robin to give Mariel
a house and lot is extinguished by
means of -

25

DIFFICULT QUESTION NO. 5

Robin owes Mariel a house and lot.

Instead of house and lot, Robin gave
Mariel a luxury car which costs more
than the value of the house and lot.
The obligation of Robin to give Mariel
a house and lot is extinguished by
means of -

24

DIFFICULT QUESTION NO. 5

Robin owes Mariel a house and lot.

Instead of house and lot, Robin gave
Mariel a luxury car which costs more
than the value of the house and lot.
The obligation of Robin to give Mariel
a house and lot is extinguished by
means of -

23

DIFFICULT QUESTION NO. 5

Robin owes Mariel a house and lot.

Instead of house and lot, Robin gave
Mariel a luxury car which costs more
than the value of the house and lot.
The obligation of Robin to give Mariel
a house and lot is extinguished by
means of -

22

DIFFICULT QUESTION NO. 5

Robin owes Mariel a house and lot.

Instead of house and lot, Robin gave
Mariel a luxury car which costs more
than the value of the house and lot.
The obligation of Robin to give Mariel
a house and lot is extinguished by
means of -

21

DIFFICULT QUESTION NO. 5

Robin owes Mariel a house and lot.

Instead of house and lot, Robin gave
Mariel a luxury car which costs more
than the value of the house and lot.
The obligation of Robin to give Mariel
a house and lot is extinguished by
means of -

20

DIFFICULT QUESTION NO. 5

Robin owes Mariel a house and lot.

Instead of house and lot, Robin gave
Mariel a luxury car which costs more
than the value of the house and lot.
The obligation of Robin to give Mariel
a house and lot is extinguished by
means of -

19

DIFFICULT QUESTION NO. 5

Robin owes Mariel a house and lot.

Instead of house and lot, Robin gave
Mariel a luxury car which costs more
than the value of the house and lot.
The obligation of Robin to give Mariel
a house and lot is extinguished by
means of -

18

DIFFICULT QUESTION NO. 5

Robin owes Mariel a house and lot.

Instead of house and lot, Robin gave
Mariel a luxury car which costs more
than the value of the house and lot.
The obligation of Robin to give Mariel
a house and lot is extinguished by
means of -

17

DIFFICULT QUESTION NO. 5

Robin owes Mariel a house and lot.

Instead of house and lot, Robin gave
Mariel a luxury car which costs more
than the value of the house and lot.
The obligation of Robin to give Mariel
a house and lot is extinguished by
means of -

16

DIFFICULT QUESTION NO. 5

Robin owes Mariel a house and lot.

Instead of house and lot, Robin gave
Mariel a luxury car which costs more
than the value of the house and lot.
The obligation of Robin to give Mariel
a house and lot is extinguished by
means of -

15

DIFFICULT QUESTION NO. 5

Robin owes Mariel a house and lot.

Instead of house and lot, Robin gave
Mariel a luxury car which costs more
than the value of the house and lot.
The obligation of Robin to give Mariel
a house and lot is extinguished by
means of -

14

DIFFICULT QUESTION NO. 5

Robin owes Mariel a house and lot.

Instead of house and lot, Robin gave
Mariel a luxury car which costs more
than the value of the house and lot.
The obligation of Robin to give Mariel
a house and lot is extinguished by
means of -

13

DIFFICULT QUESTION NO. 5

Robin owes Mariel a house and lot.

Instead of house and lot, Robin gave
Mariel a luxury car which costs more
than the value of the house and lot.
The obligation of Robin to give Mariel
a house and lot is extinguished by
means of -

12

DIFFICULT QUESTION NO. 5

Robin owes Mariel a house and lot.

Instead of house and lot, Robin gave
Mariel a luxury car which costs more
than the value of the house and lot.
The obligation of Robin to give Mariel
a house and lot is extinguished by
means of -

11

DIFFICULT QUESTION NO. 5

Robin owes Mariel a house and lot.

Instead of house and lot, Robin gave
Mariel a luxury car which costs more
than the value of the house and lot.
The obligation of Robin to give Mariel
a house and lot is extinguished by
means of -

10

DIFFICULT QUESTION NO. 5

Robin owes Mariel a house and lot.

Instead of house and lot, Robin gave
Mariel a luxury car which costs more
than the value of the house and lot.
The obligation of Robin to give Mariel
a house and lot is extinguished by
means of -

DIFFICULT QUESTION NO. 5

Robin owes Mariel a house and lot.

Instead of house and lot, Robin gave
Mariel a luxury car which costs more
than the value of the house and lot.
The obligation of Robin to give Mariel
a house and lot is extinguished by
means of -

DIFFICULT QUESTION NO. 5

Robin owes Mariel a house and lot.

Instead of house and lot, Robin gave
Mariel a luxury car which costs more
than the value of the house and lot.
The obligation of Robin to give Mariel
a house and lot is extinguished by
means of -

DIFFICULT QUESTION NO. 5

Robin owes Mariel a house and lot.

Instead of house and lot, Robin gave
Mariel a luxury car which costs more
than the value of the house and lot.
The obligation of Robin to give Mariel
a house and lot is extinguished by
means of -

DIFFICULT QUESTION NO. 5

Robin owes Mariel a house and lot.

Instead of house and lot, Robin gave
Mariel a luxury car which costs more
than the value of the house and lot.
The obligation of Robin to give Mariel
a house and lot is extinguished by
means of -

DIFFICULT QUESTION NO. 5

Robin owes Mariel a house and lot.

Instead of house and lot, Robin gave
Mariel a luxury car which costs more
than the value of the house and lot.
The obligation of Robin to give Mariel
a house and lot is extinguished by
means of -

DIFFICULT QUESTION NO. 5

Robin owes Mariel a house and lot.

Instead of house and lot, Robin gave
Mariel a luxury car which costs more
than the value of the house and lot.
The obligation of Robin to give Mariel
a house and lot is extinguished by
means of -

DIFFICULT QUESTION NO. 5

Robin owes Mariel a house and lot.

Instead of house and lot, Robin gave
Mariel a luxury car which costs more
than the value of the house and lot.
The obligation of Robin to give Mariel
a house and lot is extinguished by
means of -

DIFFICULT QUESTION NO. 5

Robin owes Mariel a house and lot.

Instead of house and lot, Robin gave
Mariel a luxury car which costs more
than the value of the house and lot.
The obligation of Robin to give Mariel
a house and lot is extinguished by
means of -

TIMES UP!
BOARDS UP!

CORRECT ANSWER:

Novation

DIFFICULT QUESTION NO. 6

By this function of
money, goods and
services can be obtained
at the present time in
exchange for a promise
to pay at a future date.

25

DIFFICULT QUESTION NO. 6

By this function of
money, goods and
services can be obtained
at the present time in
exchange for a promise
to pay at a future date.

25

DIFFICULT QUESTION NO. 6

By this function of
money, goods and
services can be obtained
at the present time in
exchange for a promise
to pay at a future date.

24

DIFFICULT QUESTION NO. 6

By this function of
money, goods and
services can be obtained
at the present time in
exchange for a promise
to pay at a future date.

23

DIFFICULT QUESTION NO. 6

By this function of
money, goods and
services can be obtained
at the present time in
exchange for a promise
to pay at a future date.

22

DIFFICULT QUESTION NO. 6

By this function of
money, goods and
services can be obtained
at the present time in
exchange for a promise
to pay at a future date.

21

DIFFICULT QUESTION NO. 6

By this function of
money, goods and
services can be obtained
at the present time in
exchange for a promise
to pay at a future date.

20

DIFFICULT QUESTION NO. 6

By this function of
money, goods and
services can be obtained
at the present time in
exchange for a promise
to pay at a future date.

19

DIFFICULT QUESTION NO. 6

By this function of
money, goods and
services can be obtained
at the present time in
exchange for a promise
to pay at a future date.

18

DIFFICULT QUESTION NO. 6

By this function of
money, goods and
services can be obtained
at the present time in
exchange for a promise
to pay at a future date.

17

DIFFICULT QUESTION NO. 6

By this function of
money, goods and
services can be obtained
at the present time in
exchange for a promise
to pay at a future date.

16

DIFFICULT QUESTION NO. 6

By this function of
money, goods and
services can be obtained
at the present time in
exchange for a promise
to pay at a future date.

15

DIFFICULT QUESTION NO. 6

By this function of
money, goods and
services can be obtained
at the present time in
exchange for a promise
to pay at a future date.

14

DIFFICULT QUESTION NO. 6

By this function of
money, goods and
services can be obtained
at the present time in
exchange for a promise
to pay at a future date.

13

DIFFICULT QUESTION NO. 6

By this function of
money, goods and
services can be obtained
at the present time in
exchange for a promise
to pay at a future date.

12

DIFFICULT QUESTION NO. 6

By this function of
money, goods and
services can be obtained
at the present time in
exchange for a promise
to pay at a future date.

11

DIFFICULT QUESTION NO. 6

By this function of
money, goods and
services can be obtained
at the present time in
exchange for a promise
to pay at a future date.

10

DIFFICULT QUESTION NO. 6

By this function of
money, goods and
services can be obtained
at the present time in
exchange for a promise
to pay at a future date.

DIFFICULT QUESTION NO. 6

By this function of
money, goods and
services can be obtained
at the present time in
exchange for a promise
to pay at a future date.

DIFFICULT QUESTION NO. 6

By this function of
money, goods and
services can be obtained
at the present time in
exchange for a promise
to pay at a future date.

DIFFICULT QUESTION NO. 6

By this function of
money, goods and
services can be obtained
at the present time in
exchange for a promise
to pay at a future date.

DIFFICULT QUESTION NO. 6

By this function of
money, goods and
services can be obtained
at the present time in
exchange for a promise
to pay at a future date.

DIFFICULT QUESTION NO. 6

By this function of
money, goods and
services can be obtained
at the present time in
exchange for a promise
to pay at a future date.

DIFFICULT QUESTION NO. 6

By this function of
money, goods and
services can be obtained
at the present time in
exchange for a promise
to pay at a future date.

DIFFICULT QUESTION NO. 6

By this function of
money, goods and
services can be obtained
at the present time in
exchange for a promise
to pay at a future date.

DIFFICULT QUESTION NO. 6

By this function of
money, goods and
services can be obtained
at the present time in
exchange for a promise
to pay at a future date.

TIMES UP!
BOARDS UP!

CORRECT ANSWER:

Deferred Payment

DIFFICULT QUESTION NO. 7

TRUE OR FALSE

Statement 1: Article 101 of the

Labor Code recognizes wage
payment by results.
Statement 2: Article 124 of the
Labor Code set the guidelines in
forming Labor Union in any
organizations.

25

DIFFICULT QUESTION NO. 7

TRUE OR FALSE

Statement 1: Article 101 of the

Labor Code recognizes wage
payment by results.
Statement 2: Article 124 of the
Labor Code set the guidelines in
forming Labor Union in any
organizations.

25

DIFFICULT QUESTION NO. 7

TRUE OR FALSE

Statement 1: Article 101 of the

Labor Code recognizes wage
payment by results.
Statement 2: Article 124 of the
Labor Code set the guidelines in
forming Labor Union in any
organizations.

24

DIFFICULT QUESTION NO. 7

TRUE OR FALSE

Statement 1: Article 101 of the

Labor Code recognizes wage
payment by results.
Statement 2: Article 124 of the
Labor Code set the guidelines in
forming Labor Union in any
organizations.

23

DIFFICULT QUESTION NO. 7

TRUE OR FALSE

Statement 1: Article 101 of the

Labor Code recognizes wage
payment by results.
Statement 2: Article 124 of the
Labor Code set the guidelines in
forming Labor Union in any
organizations.

22

DIFFICULT QUESTION NO. 7

TRUE OR FALSE

Statement 1: Article 101 of the

Labor Code recognizes wage
payment by results.
Statement 2: Article 124 of the
Labor Code set the guidelines in
forming Labor Union in any
organizations.

21

DIFFICULT QUESTION NO. 7

TRUE OR FALSE

Statement 1: Article 101 of the

Labor Code recognizes wage
payment by results.
Statement 2: Article 124 of the
Labor Code set the guidelines in
forming Labor Union in any
organizations.

20

DIFFICULT QUESTION NO. 7

TRUE OR FALSE

Statement 1: Article 101 of the

Labor Code recognizes wage
payment by results.
Statement 2: Article 124 of the
Labor Code set the guidelines in
forming Labor Union in any
organizations.

19

DIFFICULT QUESTION NO. 7

TRUE OR FALSE

Statement 1: Article 101 of the

Labor Code recognizes wage
payment by results.
Statement 2: Article 124 of the
Labor Code set the guidelines in
forming Labor Union in any
organizations.

18

DIFFICULT QUESTION NO. 7

TRUE OR FALSE

Statement 1: Article 101 of the

Labor Code recognizes wage
payment by results.
Statement 2: Article 124 of the
Labor Code set the guidelines in
forming Labor Union in any
organizations.

17

DIFFICULT QUESTION NO. 7

TRUE OR FALSE

Statement 1: Article 101 of the

Labor Code recognizes wage
payment by results.
Statement 2: Article 124 of the
Labor Code set the guidelines in
forming Labor Union in any
organizations.

16

DIFFICULT QUESTION NO. 7

TRUE OR FALSE

Statement 1: Article 101 of the

Labor Code recognizes wage
payment by results.
Statement 2: Article 124 of the
Labor Code set the guidelines in
forming Labor Union in any
organizations.

15

DIFFICULT QUESTION NO. 7

TRUE OR FALSE

Statement 1: Article 101 of the

Labor Code recognizes wage
payment by results.
Statement 2: Article 124 of the
Labor Code set the guidelines in
forming Labor Union in any
organizations.

14

DIFFICULT QUESTION NO. 7

TRUE OR FALSE

Statement 1: Article 101 of the

Labor Code recognizes wage
payment by results.
Statement 2: Article 124 of the
Labor Code set the guidelines in
forming Labor Union in any
organizations.

13

DIFFICULT QUESTION NO. 7

TRUE OR FALSE

Statement 1: Article 101 of the

Labor Code recognizes wage
payment by results.
Statement 2: Article 124 of the
Labor Code set the guidelines in
forming Labor Union in any
organizations.

12

DIFFICULT QUESTION NO. 7

TRUE OR FALSE

Statement 1: Article 101 of the

Labor Code recognizes wage
payment by results.
Statement 2: Article 124 of the
Labor Code set the guidelines in
forming Labor Union in any
organizations.

11

DIFFICULT QUESTION NO. 7

TRUE OR FALSE

Statement 1: Article 101 of the

Labor Code recognizes wage
payment by results.
Statement 2: Article 124 of the
Labor Code set the guidelines in
forming Labor Union in any
organizations.

10

DIFFICULT QUESTION NO. 7

TRUE OR FALSE

Statement 1: Article 101 of the

Labor Code recognizes wage
payment by results.
Statement 2: Article 124 of the
Labor Code set the guidelines in
forming Labor Union in any
organizations.

DIFFICULT QUESTION NO. 7

TRUE OR FALSE

Statement 1: Article 101 of the

Labor Code recognizes wage
payment by results.
Statement 2: Article 124 of the
Labor Code set the guidelines in
forming Labor Union in any
organizations.

DIFFICULT QUESTION NO. 7

TRUE OR FALSE

Statement 1: Article 101 of the

Labor Code recognizes wage
payment by results.
Statement 2: Article 124 of the
Labor Code set the guidelines in
forming Labor Union in any
organizations.

DIFFICULT QUESTION NO. 7

TRUE OR FALSE

Statement 1: Article 101 of the

Labor Code recognizes wage
payment by results.
Statement 2: Article 124 of the
Labor Code set the guidelines in
forming Labor Union in any
organizations.

DIFFICULT QUESTION NO. 7

TRUE OR FALSE

Statement 1: Article 101 of the

Labor Code recognizes wage
payment by results.
Statement 2: Article 124 of the
Labor Code set the guidelines in
forming Labor Union in any
organizations.

DIFFICULT QUESTION NO. 7

TRUE OR FALSE

Statement 1: Article 101 of the

Labor Code recognizes wage
payment by results.
Statement 2: Article 124 of the
Labor Code set the guidelines in
forming Labor Union in any
organizations.

DIFFICULT QUESTION NO. 7

TRUE OR FALSE

Statement 1: Article 101 of the

Labor Code recognizes wage
payment by results.
Statement 2: Article 124 of the
Labor Code set the guidelines in
forming Labor Union in any
organizations.

DIFFICULT QUESTION NO. 7

TRUE OR FALSE

Statement 1: Article 101 of the

Labor Code recognizes wage
payment by results.
Statement 2: Article 124 of the
Labor Code set the guidelines in
forming Labor Union in any
organizations.

DIFFICULT QUESTION NO. 7

TRUE OR FALSE

Statement 1: Article 101 of the

Labor Code recognizes wage
payment by results.
Statement 2: Article 124 of the
Labor Code set the guidelines in
forming Labor Union in any
organizations.

TIMES UP!
BOARDS UP!

CORRECT ANSWER:

S1: True
S2: False

DIFFICULT QUESTION NO. 8

Which company/product
connected with
transportation is associated
with the immensely
successful 'Think Small' ad
campaign?

25

DIFFICULT QUESTION NO. 8

Which company/product
connected with
transportation is associated
with the immensely
successful 'Think Small' ad
campaign?

25

DIFFICULT QUESTION NO. 8

Which company/product
connected with
transportation is associated
with the immensely
successful 'Think Small' ad
campaign?

24

DIFFICULT QUESTION NO. 8

Which company/product
connected with
transportation is associated
with the immensely
successful 'Think Small' ad
campaign?

23

DIFFICULT QUESTION NO. 8

Which company/product
connected with
transportation is associated
with the immensely
successful 'Think Small' ad
campaign?

22

DIFFICULT QUESTION NO. 8

Which company/product
connected with
transportation is associated
with the immensely
successful 'Think Small' ad
campaign?

21

DIFFICULT QUESTION NO. 8

Which company/product
connected with
transportation is associated
with the immensely
successful 'Think Small' ad
campaign?

20

DIFFICULT QUESTION NO. 8

Which company/product
connected with
transportation is associated
with the immensely
successful 'Think Small' ad
campaign?

19

DIFFICULT QUESTION NO. 8

Which company/product
connected with
transportation is associated
with the immensely
successful 'Think Small' ad
campaign?

18

DIFFICULT QUESTION NO. 8

Which company/product
connected with
transportation is associated
with the immensely
successful 'Think Small' ad
campaign?

17

DIFFICULT QUESTION NO. 8

Which company/product
connected with
transportation is associated
with the immensely
successful 'Think Small' ad
campaign?

16

DIFFICULT QUESTION NO. 8

Which company/product
connected with
transportation is associated
with the immensely
successful 'Think Small' ad
campaign?

15

DIFFICULT QUESTION NO. 8

Which company/product
connected with
transportation is associated
with the immensely
successful 'Think Small' ad
campaign?

14

DIFFICULT QUESTION NO. 8

Which company/product
connected with
transportation is associated
with the immensely
successful 'Think Small' ad
campaign?

13

DIFFICULT QUESTION NO. 8

Which company/product
connected with
transportation is associated
with the immensely
successful 'Think Small' ad
campaign?

12

DIFFICULT QUESTION NO. 8

Which company/product
connected with
transportation is associated
with the immensely
successful 'Think Small' ad
campaign?

11

DIFFICULT QUESTION NO. 8

Which company/product
connected with
transportation is associated
with the immensely
successful 'Think Small' ad
campaign?

10

DIFFICULT QUESTION NO. 8

Which company/product
connected with
transportation is associated
with the immensely
successful 'Think Small' ad
campaign?

DIFFICULT QUESTION NO. 8

Which company/product
connected with
transportation is associated
with the immensely
successful 'Think Small' ad
campaign?

DIFFICULT QUESTION NO. 8

Which company/product
connected with
transportation is associated
with the immensely
successful 'Think Small' ad
campaign?

DIFFICULT QUESTION NO. 8

Which company/product
connected with
transportation is associated
with the immensely
successful 'Think Small' ad
campaign?

DIFFICULT QUESTION NO. 8

Which company/product
connected with
transportation is associated
with the immensely
successful 'Think Small' ad
campaign?

DIFFICULT QUESTION NO. 8

Which company/product
connected with
transportation is associated
with the immensely
successful 'Think Small' ad
campaign?

DIFFICULT QUESTION NO. 8

Which company/product
connected with
transportation is associated
with the immensely
successful 'Think Small' ad
campaign?

DIFFICULT QUESTION NO. 8

Which company/product
connected with
transportation is associated
with the immensely
successful 'Think Small' ad
campaign?

DIFFICULT QUESTION NO. 8

Which company/product
connected with
transportation is associated
with the immensely
successful 'Think Small' ad
campaign?

TIMES UP!
BOARDS UP!

CORRECT ANSWER:

Volkswagen

DIFFICULT QUESTION NO. 9

Statement 1. Damages
recovered for physical
injuries is not taxable
Statement 2. Damages
recovered for violation of
copyright is not taxable.

25

DIFFICULT QUESTION NO. 9

Statement 1. Damages
recovered for physical
injuries is not taxable
Statement 2. Damages
recovered for violation of
copyright is not taxable.

25

DIFFICULT QUESTION NO. 9

Statement 1. Damages
recovered for physical
injuries is not taxable
Statement 2. Damages
recovered for violation of
copyright is not taxable.

24

DIFFICULT QUESTION NO. 9

Statement 1. Damages
recovered for physical
injuries is not taxable
Statement 2. Damages
recovered for violation of
copyright is not taxable.

23

DIFFICULT QUESTION NO. 9

Statement 1. Damages
recovered for physical
injuries is not taxable
Statement 2. Damages
recovered for violation of
copyright is not taxable.

22

DIFFICULT QUESTION NO. 9

Statement 1. Damages
recovered for physical
injuries is not taxable
Statement 2. Damages
recovered for violation of
copyright is not taxable.

21

DIFFICULT QUESTION NO. 9

Statement 1. Damages
recovered for physical
injuries is not taxable
Statement 2. Damages
recovered for violation of
copyright is not taxable.

20

DIFFICULT QUESTION NO. 9

Statement 1. Damages
recovered for physical
injuries is not taxable
Statement 2. Damages
recovered for violation of
copyright is not taxable.

19

DIFFICULT QUESTION NO. 9

Statement 1. Damages
recovered for physical
injuries is not taxable
Statement 2. Damages
recovered for violation of
copyright is not taxable.

18

DIFFICULT QUESTION NO. 9

Statement 1. Damages
recovered for physical
injuries is not taxable
Statement 2. Damages
recovered for violation of
copyright is not taxable.

17

DIFFICULT QUESTION NO. 9

Statement 1. Damages
recovered for physical
injuries is not taxable
Statement 2. Damages
recovered for violation of
copyright is not taxable.

16

DIFFICULT QUESTION NO. 9

Statement 1. Damages
recovered for physical
injuries is not taxable
Statement 2. Damages
recovered for violation of
copyright is not taxable.

15

DIFFICULT QUESTION NO. 9

Statement 1. Damages
recovered for physical
injuries is not taxable
Statement 2. Damages
recovered for violation of
copyright is not taxable.

14

DIFFICULT QUESTION NO. 9

Statement 1. Damages
recovered for physical
injuries is not taxable
Statement 2. Damages
recovered for violation of
copyright is not taxable.

13

DIFFICULT QUESTION NO. 9

Statement 1. Damages
recovered for physical
injuries is not taxable
Statement 2. Damages
recovered for violation of
copyright is not taxable.

12

DIFFICULT QUESTION NO. 9

Statement 1. Damages
recovered for physical
injuries is not taxable
Statement 2. Damages
recovered for violation of
copyright is not taxable.

11

DIFFICULT QUESTION NO. 9

Statement 1. Damages
recovered for physical
injuries is not taxable
Statement 2. Damages
recovered for violation of
copyright is not taxable.

10

DIFFICULT QUESTION NO. 9

Statement 1. Damages
recovered for physical
injuries is not taxable
Statement 2. Damages
recovered for violation of
copyright is not taxable.

DIFFICULT QUESTION NO. 9

Statement 1. Damages
recovered for physical
injuries is not taxable
Statement 2. Damages
recovered for violation of
copyright is not taxable.

DIFFICULT QUESTION NO. 9

Statement 1. Damages
recovered for physical
injuries is not taxable
Statement 2. Damages
recovered for violation of
copyright is not taxable.

DIFFICULT QUESTION NO. 9

Statement 1. Damages
recovered for physical
injuries is not taxable
Statement 2. Damages
recovered for violation of
copyright is not taxable.

DIFFICULT QUESTION NO. 9

Statement 1. Damages
recovered for physical
injuries is not taxable
Statement 2. Damages
recovered for violation of
copyright is not taxable.

DIFFICULT QUESTION NO. 9

Statement 1. Damages
recovered for physical
injuries is not taxable
Statement 2. Damages
recovered for violation of
copyright is not taxable.

DIFFICULT QUESTION NO. 9

Statement 1. Damages
recovered for physical
injuries is not taxable
Statement 2. Damages
recovered for violation of
copyright is not taxable.

DIFFICULT QUESTION NO. 9

Statement 1. Damages
recovered for physical
injuries is not taxable
Statement 2. Damages
recovered for violation of
copyright is not taxable.

DIFFICULT QUESTION NO. 9

Statement 1. Damages
recovered for physical
injuries is not taxable
Statement 2. Damages
recovered for violation of
copyright is not taxable.

TIMES UP!
BOARDS UP!

CORRECT ANSWER:

S1: True
S2: False

DIFFICULT QUESTION NO. 10

The following contracts are voidable, which is

the exception?
A. Contracts entered into in a state of
drunkenness
B. Contracts entered under hypnotic influence
C. Contracts entered into during lucid interval
D. Contracts where consent is vitiated.

25

DIFFICULT QUESTION NO. 10

The following contracts are voidable, which is

the exception?
A. Contracts entered into in a state of
drunkenness
B. Contracts entered under hypnotic influence
C. Contracts entered into during lucid interval
D. Contracts where consent is vitiated.

25

DIFFICULT QUESTION NO. 10

The following contracts are voidable, which is

the exception?
A. Contracts entered into in a state of
drunkenness
B. Contracts entered under hypnotic influence
C. Contracts entered into during lucid interval
D. Contracts where consent is vitiated.

24

DIFFICULT QUESTION NO. 10

The following contracts are voidable, which is

the exception?
A. Contracts entered into in a state of
drunkenness
B. Contracts entered under hypnotic influence
C. Contracts entered into during lucid interval
D. Contracts where consent is vitiated.

23

DIFFICULT QUESTION NO. 10

The following contracts are voidable, which is

the exception?
A. Contracts entered into in a state of
drunkenness
B. Contracts entered under hypnotic influence
C. Contracts entered into during lucid interval
D. Contracts where consent is vitiated.

22

DIFFICULT QUESTION NO. 10

The following contracts are voidable, which is

the exception?
A. Contracts entered into in a state of
drunkenness
B. Contracts entered under hypnotic influence
C. Contracts entered into during lucid interval
D. Contracts where consent is vitiated.

21

DIFFICULT QUESTION NO. 10

The following contracts are voidable, which is

the exception?
A. Contracts entered into in a state of
drunkenness
B. Contracts entered under hypnotic influence
C. Contracts entered into during lucid interval
D. Contracts where consent is vitiated.

20

DIFFICULT QUESTION NO. 10

The following contracts are voidable, which is

the exception?
A. Contracts entered into in a state of
drunkenness
B. Contracts entered under hypnotic influence
C. Contracts entered into during lucid interval
D. Contracts where consent is vitiated.

19

DIFFICULT QUESTION NO. 10

The following contracts are voidable, which is

the exception?
A. Contracts entered into in a state of
drunkenness
B. Contracts entered under hypnotic influence
C. Contracts entered into during lucid interval
D. Contracts where consent is vitiated.

18

DIFFICULT QUESTION NO. 10

The following contracts are voidable, which is

the exception?
A. Contracts entered into in a state of
drunkenness
B. Contracts entered under hypnotic influence
C. Contracts entered into during lucid interval
D. Contracts where consent is vitiated.

17

DIFFICULT QUESTION NO. 10

The following contracts are voidable, which is

the exception?
A. Contracts entered into in a state of
drunkenness
B. Contracts entered under hypnotic influence
C. Contracts entered into during lucid interval
D. Contracts where consent is vitiated.

16

DIFFICULT QUESTION NO. 10

The following contracts are voidable, which is

the exception?
A. Contracts entered into in a state of
drunkenness
B. Contracts entered under hypnotic influence
C. Contracts entered into during lucid interval
D. Contracts where consent is vitiated.

15

DIFFICULT QUESTION NO. 10

The following contracts are voidable, which is

the exception?
A. Contracts entered into in a state of
drunkenness
B. Contracts entered under hypnotic influence
C. Contracts entered into during lucid interval
D. Contracts where consent is vitiated.

14

DIFFICULT QUESTION NO. 10

The following contracts are voidable, which is

the exception?
A. Contracts entered into in a state of
drunkenness
B. Contracts entered under hypnotic influence
C. Contracts entered into during lucid interval
D. Contracts where consent is vitiated.

13

DIFFICULT QUESTION NO. 10

The following contracts are voidable, which is

the exception?
A. Contracts entered into in a state of
drunkenness
B. Contracts entered under hypnotic influence
C. Contracts entered into during lucid interval
D. Contracts where consent is vitiated.

12

DIFFICULT QUESTION NO. 10

The following contracts are voidable, which is

the exception?
A. Contracts entered into in a state of
drunkenness
B. Contracts entered under hypnotic influence
C. Contracts entered into during lucid interval
D. Contracts where consent is vitiated.

11

DIFFICULT QUESTION NO. 10

The following contracts are voidable, which is

the exception?
A. Contracts entered into in a state of
drunkenness
B. Contracts entered under hypnotic influence
C. Contracts entered into during lucid interval
D. Contracts where consent is vitiated.

10

DIFFICULT QUESTION NO. 10

The following contracts are voidable, which is

the exception?
A. Contracts entered into in a state of
drunkenness
B. Contracts entered under hypnotic influence
C. Contracts entered into during lucid interval
D. Contracts where consent is vitiated.

DIFFICULT QUESTION NO. 10

The following contracts are voidable, which is

the exception?
A. Contracts entered into in a state of
drunkenness
B. Contracts entered under hypnotic influence
C. Contracts entered into during lucid interval
D. Contracts where consent is vitiated.

DIFFICULT QUESTION NO. 10

The following contracts are voidable, which is

the exception?
A. Contracts entered into in a state of
drunkenness
B. Contracts entered under hypnotic influence
C. Contracts entered into during lucid interval
D. Contracts where consent is vitiated.

DIFFICULT QUESTION NO. 10

The following contracts are voidable, which is

the exception?
A. Contracts entered into in a state of
drunkenness
B. Contracts entered under hypnotic influence
C. Contracts entered into during lucid interval
D. Contracts where consent is vitiated.

DIFFICULT QUESTION NO. 10

The following contracts are voidable, which is

the exception?
A. Contracts entered into in a state of
drunkenness
B. Contracts entered under hypnotic influence
C. Contracts entered into during lucid interval
D. Contracts where consent is vitiated.

DIFFICULT QUESTION NO. 10

The following contracts are voidable, which is

the exception?
A. Contracts entered into in a state of
drunkenness
B. Contracts entered under hypnotic influence
C. Contracts entered into during lucid interval
D. Contracts where consent is vitiated.

DIFFICULT QUESTION NO. 10

The following contracts are voidable, which is

the exception?
A. Contracts entered into in a state of
drunkenness
B. Contracts entered under hypnotic influence
C. Contracts entered into during lucid interval
D. Contracts where consent is vitiated.

DIFFICULT QUESTION NO. 10

The following contracts are voidable, which is

the exception?
A. Contracts entered into in a state of
drunkenness
B. Contracts entered under hypnotic influence
C. Contracts entered into during lucid interval
D. Contracts where consent is vitiated.

DIFFICULT QUESTION NO. 10

The following contracts are voidable, which is

the exception?
A. Contracts entered into in a state of
drunkenness
B. Contracts entered under hypnotic influence
C. Contracts entered into during lucid interval
D. Contracts where consent is vitiated.

TIMES UP!
BOARDS UP!

CORRECT ANSWER:

C. Contracts
entered during
lucid interval