QUIZ

1. A (15%), B (20%), C (15%), D (20%), and E

(30%) are indebted to X (10%), Y (15%), Z (30%),
V (25%), W (20%) in the amount of 10,000,000
pesos by the respective proportions. How much
can W collect from B?
a. 200,000
b. 400,000
c. 500,000
d. 250,000
 2. How much can Y and Z
collectively collect from E?
• 1,500,000
• 1,750,000
• 1,800,000
• 1,350,000
3. How much can Z collect from C?
a. 175,000
b. 187,500
c. 975,000
d. 450,000
e. 525,000
4. How much can X, Y, and Z collectively collect from
B?

a. 825,000
b. 675,000
c. 1,180,000
d. 1,100,000
e. 1,500,000
5. In relation to 1, If the creditors are
joint while the debtors are solidarily
bound. How much can W and Z
collectively collect from C?
a. 2,500,000
b. 2,000,000
c. 1,500,000
d. 1,750,000
e. 5,000,000
6. In relation to 5, How much can X, Y and Z
collectively collect from D?

a. 2,500,000
b. 2,000,000
c. 1,500,000
d. 1,750,000
e. 5,500,000
 7. In relation to 1, assuming the Debtors are
joint while the creditors are solidarily bound.
How much can V collect from B?

a. 1,000,000
b. 1,500,000
c. 2,000,000
d. 2,500,000
e. 3,500,000
8. In relation to 7, How much can V, W, and X
collectively collect from B and C?

a. 1,000,000
b. 1,500,000
c. 2,000,000
d. 2,500,000
e. 3,500,000
9. On the 1st day of December 2019, Kobe borrowed
$1,000,000 from Lebron payable on December 1,
2022. On November 30, 2022, the prices of the
goods have already tripled compared to its prices
determined at the time of the constitution of the
obligation. How much does Kobe need to pay to
extinguish the obligation? (2 pts.)
a. $1,000,000
b. $2,000,000
c. $3,000,000
d. $500,000
e. None of the above
10. In relation to 9, how much does Kobe need
to pay on due date to extinguish the obligation
if the government declares extraordinary
inflation on December 1, 2023? (2 pts.)
a. $1,000,000
b. $2,000,000
c. $3,000,000
d. $500,000
e. None of the above
11. In relation to 9, How much does Kobe
need to pay to extinguish the obligation if
there is extraordinary inflation?

a. $1,000,000
b. $2,000,000
c. $3,000,000
d. $500,000
e. None of the above
12. D obtained from ABC Bank a loan of
P12,000,000.00 payable at the end of 10 years.
Before maturity, an extraordinary deflation
supervened causing the value of the debt to
rise to P36,000,000.00 on the date of maturity.
On due date, D must pay ABC Bank:
a. P12,000,000.00.
b. P4,000,000.00.
c. P36,000,000.00.
d. P3,000,000.00.
 B borrowed from XYZ Bank P2,000,000.00
payable at the end of 5 years. Before maturity,
an extraordinary inflation supervened causing
the value of the debt to fall to P800,000.00 on
the date of maturity. On due date, B must pay
XYZ Bank:
a. P2,000,000.00.
b. P5,000,000.00.
c. P800,000.00.
d. P20,000,000.00.
14. D owes C the following debts: P6,000.00 due on
June 12; P6,000.00 due on June 15; P6,000.00 due
on June 18; and P6,000.00 due on June 20. All debts
are unsecured except the debt due on June 20 which
is secured by a pledge of D’s diamond ring to C. by
agreement, the benefit of the term on the 4 debts
was granted to D. assuming that D has P6,000.00 on
June 18 and is ready to pay C, which of the following
statements is correct?
a. D may apply his payment of P6,000.00 to any
of the debts due on June 12, June 15, and June 18
since they are all due as of June 18.
b. D may apply his payment only to the debt due
on June 20 because it is the most burdensome to
him.
c. D must apply the payment proportionately to
the debts due as of June 18 at P2,000.00 each.
d. D may apply the payment to any of the four
debts.
 15. D owes C P10,000.00 with G as guarantor.
C, on the other hand, owes D, P8,000.00. Both
debts are already due but D is insolvent. In this
case-
a. C may collect from G P10,000.00.
b. C may collect from G P2,000.00 because a guarantor can set up
compensation as regards what the creditor owes the principal debtor.
c. C may collect nothing from G because D is insolvent.
d. C may collect P8,000.00 from G.
 16. Baldo owes the following debts to Pipoy: 50,000
due on January 1, 2020 with 12% interest per annum;
30,000 due on January 30, 2020; 70,000 due on January
31, 2020; and 20,000 due on February 24, 2020 where
he pledge his grandmother’s ring worth 200,000 as an
accessory obligation. How much can Baldo apply to his
debt due on February 24, 2020 if he only has 100,000
today?
a. 35,000
b. 21,000
c. 15,000
d. 4,117.65
e. None of the above
17. In relation to 16, if application of payment is
made by operation of law, how much will be
applied to the debt due on January 30, 2020 if
he only has 100,000 today?

a. 35,000
b. 21,000
c. 15,000
d. 4,117.65
e. None of the above
 18. In relation to 16, if application of payment
is made by operation of law, how much will be
applied to the debt due on January 31, 2020 if
he only has 100,000 today?

a. 35,000
b. 21,000
c. 15,000
d. 4,117.65
e. None of the above
 Bonus question.

•The mother is 21 years older than her

child. In 6 years, the child will be 5
times younger than the mother.
Where is the father? (1 pt. for right
answer, another 1 pt. for
computation)