LAW ON OBLIGATIONS AND CONTRACTS

1. A obliges himself to give B a specific car on Jan 2, 2021, C burned the car which A promised to deliver to
B, which is correct?
a. A’s obligation to B is converted to monetary obligation
b. A should file an action against C for the value of the car plus damages
c. B can file an action against A for the value of the car plus damages
d. B can file an action against C for the value of the car plus damages
2. Which of the following is an obligation with a period for the benefit of the debtor?
a. An obligation payable little by little
b. An obligation payable when the debtor’s means permit him to do so
c. An obligation payable within 10 months on demand
d. An obligation payable on or before Dec. 31, 2021
3. I’ll give you my car one year after X dies. The obligation is
a. Valid, because death is sure to come
b. Valid, but the condition will be disregarded
c. Void, then time when death will occur is not certain
d. Void, killing a person is contrary to law
4. A owes B P10,000 payable as soon as A has the money to pay B. This is
a. A conditional obligation c. A suspensive condition
b. An obligation with a period d. A potestative condition
5. An obligation with a period, except
a. As soon as I have money c. As soon as possible
b. In partial payments d. Until the defendant shall have obtained a loan from the bank
6. The obligation is demandable on the date of the obligation and shall continue to be in force up to the
arrival of the day certain:
a. Resolutory period b. Suspensive period c. Indefinite period d. Legal period
7. A sold as B his cow for P5,000. No date is fixed by the parties for the performance of their respective
obligations. The obligation of A is
a. To deliver the cow immediately as there is a perfected contract
b. To deliver the cow within the reasonable time from the perfection of the contract
c. To deliver the cow upon the payment by B of P5,000
d. To rescind the contract as there is no time fixed for the delivery and payment
8. Which of the following is not correct?
a. The effect of the conditional obligation to give, once the condition has been fulfilled, shall retroact to
the day of the fulfillment of the condition
b. When the obligation imposes reciprocal prestations upon the parties, the fruits and interests during
the pendency of the conditional shall be deemed to have been mutually compensated
c. If the obligation is unilateral, the debtor shall appropriate the fruits and interest received, unless the
nature and circumstances of the obligation it should be inferred that the intention of the persons
constituting the same was different
d. In obligation to do and not to do, the court shall determine in each case, the retroactive effect of the
condition that has been complied with
9. Within what period must recovery be made if the debtor did not know that the payment was not yet
due?
a. Before maturity with regard to both what was paid and the interest
b. Even after maturity with regard to both the interest and what was paid
c. Before maturity with regard to what was paid and even after maturity with regard to the interest
d. Before maturity with regard to interest and even after the maturity with regard to what was paid
10. A executes in favor of B a promissory note for P1,000,000 payable after two years, secured by a
mortgage on a building valued at P2,000,000. One year after execution of the note, the mortgaged
building was totally burned. Can B demand from A the payment of the value of the note?
a. Yes, if A is willing to pay B
b. No, if A refuses to pay B
c. Yes, even if A gives another security which is equally satisfactory
d. Yes, unless A gives another security which is equally satisfactory
11. A obliged himself to pay B 10,000 as soon as possible. Three months later, B demanded payment from A
but the latter refuses to pay. B can
a. File an action on court compelling A to pay the obligation
b. Consider the obligation void because the phrase as soon as possible is indeterminable
c. Go to court so that the court will fix the date of payment
d. Ask for damages because three months is considered too long for “as soon as possible”
12. I. An example of an obligation with a period is when A promises to pay B P10,000 one month from the
death of C.

ObliCon by Atty. Bernard D. Bakilan, CPA, LLM Page 1 of 2

 II. A person is obliged to deliver a determinate thing including its accessories and accessions provided
they have been mentioned in the agreement
a. True, true b. True, false c. False, true d. False, false
13. I. When the fulfillment of the suspensive or resolutory condition depends upon the sole will of the
debtor, the conditional obligation shall be void.
II. If the debt produces interest, payment of the interest shall not be deemed to have been made until
the principal have been covered or paid
a. True, true b. True, false c. False, true d. False, false
14. The debtor shall lose every right to make of the period, except
a. When after the obligation has been contracted, he becomes insolvent, unless he gives a guaranty or
security for the debt
b. When he does not furnish to the creditor the guaranties or securities which he has promised
c. When through fortuitous events or by his own acts the guaranties or securities have been impaired
unless he immediately gives ones equally satisfactory
d. When the debtor violates any undertaking in consideration of which the creditor agreed to the period
15. Which of the following is correct?
a. A solidary creditor can assign his right even without the consent of the others
b. The remission of the whole obligation, obtained by one of the solidary debtors shall entitle him to
reimbursement from his co-debtors
c. The condition not to do an impossible thing shall be considered as not having been agreed upon
d. Obligations for whose fulfillment a day certain has been fixed shall be demandable at once.

ObliCon by Atty. Bernard D. Bakilan, CPA, LLM Page 2 of 2