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CPA REVIEW
OPEN
FIRST PRE-BOARD EXAMINATIONS
REGULATORY FRAMEWORK
FOR BUSINESS TRANSACTIONS
[Exam Coverage
‘Obligation and Contracts,
Partnership and 1" part of
‘Corporation, and other
topics
RFBT.OpenistPB.1017
[February 17, 2018
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sustRUCTIONS! S065" TF one answer for ect h ty
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doy asked Cocoy Hf the Inker CAN gFant Him Ns as
2 Dotan 2a OF Malu of 50,000.00 for tan ates
achn Ttuin the same. Cocoy resided bs Roos Se
1m a (eet ature in te ge of
So" treporetion Seimoramation
5. Perocson Sone gt above
Which ofthe following statement about cause Is net correct?
2. "Contract without eause fs void
&: Statement of 2 false cause Jn contract shall reeder them
void
[Aithough the: cause is not stated in the contract, ti
presumed that It exists ands lawful
4, finen the motive of ene contracting party 1 contrary to
Taw the contract is vol
3. Its an imentional evasion of the faithful performance of the
obligation
2. Negligence € Delay ~
2. Fraud 4. mistake
In the execution of ebligations, lability for malice or bad faith
2 ‘Extends not only to results Intended but alsa to ther
foreseen consequences.
b, Ie demandable in all obligations but may be renounced in
advance
Extends only to results intended but excluding exemplary
damage.
4. Extends to naturat consequences even if they exceed the
btor’s expectationsmoore Bie etn wea
1 folowing, oMvac st be ia pubeintrumen or
2 %Sanation of eal propery ne SAUER:
seeder
4 SENT an
{6 A debtor may sil beheld abe for oss o damages even i
Ewes covet by 2 fre ever ney en
The debtor fs guity of dlo, malice or bad rath, has
promised the sre thing fo te or mar prone wh So
b, The debtor contnbutes to the loss
€) The thing tebe deivered is gene
4. The creditor is guity of fraud, negigence or deny orf he