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C

1. An obligation where various prestations are due but the performance of all of them is
required in order to extinguish the obligation is known as:
a.
b.
c.
d.

Alternative Obligation
Facultative Obligation
Conjunctive Obligation
Simple Obligation

C
2. It is an affirmation of fact or any promise by the seller relating to the thing which has a
natural tendency to induce then buyer to purchase the same, relying on such promise or
affirmation.
a. Condition
b. False representation
c. Warranty
d. Sellers talk
C

3. Which of the following is rescissible?


a. Contracts entered into during a hypnotic spell.
b. Contracts entered into in the state of drunkenness.
c. Contracts entered into to defraud creditors when the latter cannot collect the claims
due them.
d. Contracts where both parties are incapable of giving consent.

4. Which of the following contracts is void?


a. A contract of barter between S, insane, and B, 17 years old.
b. A contract of sale where B, the buyer, twisted the arm of S so that S would sign the
deed of sale.
c. A contract of sale aimed a gun at the wife of S, so that S would sign the deed of sale.
d. A contract for the sale of a cow who is suffering from a contagious disease.

5. Who among the following is the holder of a negotiable instrument originally payable to
order?
a. The original payee who has negotiated the instrument.
b. The endorsee who is in possession of the instrument.
c. The possessor of the instrument to whom the instrument was delivered without any
endorsement.
d. Thee endorsee who has negotiated the instrument.

6. An instrument payable to bearer may be negotiated through any of the following


means, except:
a. Special endorsement plus delivery
b. Mere delivery
Montes, Leslie Ann

c. Blank endorsement plus delivery


d. No delivery is required as long as there is an endorsement, whether the bank or
special.
A

7. One of the following is not a characteristic of contract of partnership.


a. Real, in that the partners must deliver their contributions in order for the partnership
contract to be perfected.
b. Principal, because it can stand by itself.
c. Preparatory, because it means by which other contracts will be entered into.
d. Onerous, because the parties contribute money, property, or industry to the common
fund.

8. Recording in the Registry of Property in the appropriate book is required for the
validity of the contact of:
a.
b.
c.
d.

9. A, B, C and D, joint debtors, are obliged to give V, W, X, Y, and Z, solidary creditors,


P20,000.00
a.
b.
c.
d.

Chattel mortgage
Real mortgage
Conventional mortgage
Antichresis

V may collect from B P20,000


V may collect from B P4,000
V may collect from B P5,000
V may collect from B P1,000

10. The following are modes of extinguishing an agency, except:


a.
b.
c.
d.

Death, civil interdiction, insanity or insolvency of the principal or agent.


Accomplishment of the purpose of the agency.
Expiration of the period for which the agency was constituted.
Continued losses on the part of the principal or agent.

Montes, Leslie Ann

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