CHAPTER 3

MORTGAGE (ART. 2124 - ART. 2131)

1. Which of the following property may be the object of

a contract of mortgage?
A. Movables
B. Building
C. Personal property
D. Car

2. What only operates as a notice of the mortgage to

others, but neither adds to its validity nor convert an
invalid mortgage into a valid one between the parties?
A. Regulation
B. Registration
C. Compensation
D. Retention

3. Which of the following is an effect of mortgage?

A. It creates personal right.
B. It creates assistance.
C. It creates encumbrance.
D. It creates legal right.

4. The mortgage extends to the following except:

A. Natural accessions
B. Improvements
C. Rents and income received
D. Growing fruits

5. What can be alienated or assigned to a third person,

in whole or in part, with formalities required by law?
A. Mortgage debit
B. Mortgage fruits
C. Mortgage credit
D. Pledge

6. The creditor may claim from a _____ in possession of

the mortgaged property, the payment of the part of the
credit secured by the property which the latter
possesses.
A. Debtor
B. Third party
C. Creditor
D. Third person

7. A stipulation forbidding the owner from alienating

the immovable mortgaged shall be _____
A. Void
B. Valid
C. Voidable
D. Unenforceable

8. It is when a mortgage is given a special power of

attorney to sell the mortgaged property by public
auction.
A. Extrajudicial foreclosure
B. Judicial foreclosure
C. Legal foreclosure
D. Conventional foreclosure

CHAPTER 4
ANTICHRESIS (ART. 2132 - ART. 2139)

1. By the contract of antichresis the creditor acquires

the right to receive the fruits of an immovable of his
debtor, with the obligation to apply them to the
payment of the interest, if owing, and thereafter to
the principal of his credit.
A. Contract of antichresis
B. Contract of mortgage
C. Contract of pledge
D. Contract of chattel mortgage

2. Which of the following is not a right of an

artichretic creditor?
A. The right to the fruits of the thing
B. The right to retain the thing until the debt is paid
C. The right to the accessories of the thing
D. The right to have the thing sold upon non-payment at
maturity

3. The amount of the principal and of the interest

shall be specified in _____
A. Orally
B. Writing
C. Verbally
D. Notary public

4. Which of the following is not an obligation of the

antichretic creditor?
A. To pay taxes and charges upon the state
B. To bear expenses necessary for the preservation and
repair
C. To apply all the fruits, after receiving them
D. To render an account of the fruits to the creditor

5. Under this contract, real property is delivered to

the creditor.
A. Antichresis
B. Real mortgage
C. Chattel mortgage
D. Real pledge

6. What principle is applicable to contract of

antichresis?
A. Pactum commissorium
B. Pacto commissorio
C. Dacion en pago
D. Negotiorum gestio

7. Under this contract, the creditor acquires only the

right to receive fruits of the property.
A. Real mortgage
B. Chattel mortgage
C. Pledge
D. Antichresis

8. Under this contract, the debtor usually retains

possession of the real property.
A. Antichresis
B. Real mortgage
C. Pledge
D. Chattel mortgage
CHAPTER 5
CHATTEL MORTGAGE (ART. 2140 - ART. 2141)

1. Under this contract, delivery is not an essential

element of the contract.
A. Chattel mortgage
B. Real mortgage
C. Pledge
D. Antichresis

2. This contract is constituted on movables.

A. Real mortgage
B. Pledge
C. Antichresis
D. Chattel mortgage

CHAPTER 3
1.B
2.B
3.C
4.C
5.C
6.D
7.A
8.A

CHAPTER 4
1.A
2.C
3.B
4.D
5.A
6.A
7.D
8.B

CHAPTER 5
1.A
2.D