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Obligations 2
Obligations 2
C) PI ,OOO c. P2,OOO
b. 6,000 d. 3,000
situation given in No. 69 above, the diamonqn
70. If in the to B, which of the following
returned by agreement
ment is correct?
extinguished.
a. Principal obligationis
is
b. Only P2,000 of the obligation extinguished
is
q. Only P3,000 of the obligation extinguished.
d None of the above
a. "Payable soonest"
b. An obligation payable little by little
c. Payable "within2 years from today"
d. None of the above
a. Dacion en pago
Payment by cession
c. Tender of payment and consignation
d. Remission
in Business Law For CPA Reviewees
pointers 155
a. P12,OOO c. P9,OOO
b. 6,000 d. 3,000
76. Statement No. 1: "I will give you a specific car if you will not
marry X this yepr (2010). If by the end of 2010, both parties
are alive and no marriage has taken place, my obligation
is extinguished.
a. Dacion en pago
b. Payment by cession
c. Tender of payment
d. None ofthe above
a. Bothare true.
b. Both are false.
c. No. 1 is true; No. 2 is false.
d. No. 1 is false; No. 2 is true.
83, Asold to B the former's horse for P5,000. No date is fixed,
by the parties for the performance of their respectiVe obli-
gations. The obligation of A is:
a. To deliver the horse immediately as there
is a
contract. perfe
b. To deliver the horse upon the payment of B
c. To deliver the horse within a reasonab le
months fromt he contract date. time
d. To rescind the contract as there is no time
fixed
delivery and payment. forth
a. Commodatum c. - Merger
b. Compensation d. Novation
85. X obliged himselfto give to Y his brand-new Rolex watchif
the latter cannot make a circle that is at the same time a
square.
of
Extinguishment debt may be made by creditor
91. eith
verbally or in writing:
ment of an obligation?
a. Remission
b. Merger
c. Compensation
@ Depth of either debtor
or creditor
e. None ofthe above
a. a resolutory period;
b. a suspensive condition.
c. a resolutorycondition.
d. a suspensive period.
StatementNo. 2: Aftersubstitution,
objectthroughthe fault or the loss of the principal
render him liable
negligence of the debtor shall
for damages.
a. Bothstatements
b. Bothstatementsare true.
c. are false.
StatementNo. 1
d. Statement is true while
No. 1 is statement No. 2 is false'
false while
102. Statement statement No. 2 is true'
No. 1:
tinguishthe Payment by
whole cession does not totally
obligation.
pointersin Business Law For CPA Reviewees 163
a. gratuitous support
liability arising from crime
b. civil
mutuum
d. depositum
solution indebiti, the contract of the
105. Statement No. I: In
basis for damages in case of non-compli-
Parties is the
ance.
Statement No. 2: Negligence, as a ground for damages
ance of an obligation with
to time.
107. The buyer has the right to the fruit of the thing from:
a. legal compensation.
b voluntary compensation.
c: judicial compensation.
d. facultative compensation.
in Business Law For CPA
pointers
Reviewees
165
109. state-men-t-NQ:--IÅIn an obligation
period, if the object is subject to a suspensive
to the benefitöf the
improved by time, the
creditor. same inures
a. Dation in payment
b. Payment by cession
c. Tender of payment and consignation
d. Application of payment
Statement N
--------.---.-------------Q:-Z
If the debtor's consent or permission is
not given, but the third person
paid the creditor, his right is
to proceed against the creditor
for reimbursement and not
against the debtor.
ment.
obligation is void?
123. Which of the following
within a reasonable time
a. Obligation payable
b. Obligation payable if the debtor cannot make a
124. Mr. Debtor owes Mr. Creditor, who has two (2) legitimate
emancipatedchildren,P50,000 payable on December31
2010.
b. The obligation is
extinguished. X, however,can demand
only P2,000 from A as
this is
efited A. If A cannot pay, X, the amountwhich ben-
having
into the rights of B can proceed been subrogatged
c against guarantor C.
The obligation is extinguished. X
can demand P2,000
from A, but if A cannot pay, X
cannot ordinarily proceed
against guarantor C because having
paid against the
will of A, X is not entitled to subrogation.
d. X's payment, having been made
against the will of A
does not extinguish the obligation.
due.
ofthe
Statement No. 2: In dation in payment, ownership
in
thing delivered is transferred to the creditor; while pro?
sion, it merely authorizes the creditor to convert the
erty into cash and out of the proceeds to extinguishtne
obligation partially.