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ObliCon Quiz

This document provides an overview of obligations and contracts under Philippine law. It defines key terms like obligation, active/passive subjects, quasi-delict, solutio indebiti, generic/determinate things, prestation, real/personal obligations, and natural law. It also presents multiple choice questions testing understanding of these concepts as well as scenarios involving delivery of goods and defaulting on installment payments to assess rights and obligations in contracts.

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961 views2 pages

ObliCon Quiz

This document provides an overview of obligations and contracts under Philippine law. It defines key terms like obligation, active/passive subjects, quasi-delict, solutio indebiti, generic/determinate things, prestation, real/personal obligations, and natural law. It also presents multiple choice questions testing understanding of these concepts as well as scenarios involving delivery of goods and defaulting on installment payments to assess rights and obligations in contracts.

Uploaded by

Es-Es
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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University of Southern Philippines Foundation

College of Accountancy
OBLIGATIONS & CONTRACTS
July 17, 2014

I. Define or differentiate the following. Answer briefly and concisely.


1. Obligation
2. Active subject vs Passive subject
3. Quasi-delict
4. Solutio indebiti
5. Generic thing vs Determinate thing
6. Prestation
7. Real obligation vs Personal obligation
8. Natural law
9. Actual delivery vs Constructive delivery
10.Debtor
II. Multiple choice
1. The following are elements of an obligation except:
a)
b)
c)
d)

Juridical/Legal Tie
Active subject
Passive subject
Consideration

2. It is a conduct that may consist of giving, doing, or not doing something.


a)
b)
c)
d)

Obligation
Juridical necessity
Prestation
Contract

3. It is a juridical relation arising from lawful, voluntary and unilateral, acts


based on the principle that no one should unjustly enrich himself at the
expense of another.
a)
b)
c)
d)

Quasi-contract
Quasi-delict
Contract
Delict

4. The following describes a quasi-delict except:


a) Act or omission
b) Fault/negligence

c) Damage/injury
d) Pre-existing contract
5. A debtor is liable for damages in case of delay if he is guilty of any of the
following, except:
a)
b)
c)
d)

Default (mora)
Mistake
Negligence (culpa)
Breach for not obeying

6. The creditor has the right to the fruits of the thing from the time:
a)
b)
c)
d)

The
The
The
The

thing is delivered
obligation to deliver the thing arises
contract is perfected
fruits are delivered

7. An obligation which is based on equity and natural law is known as:


a)
b)
c)
d)

Pure
Quasi-contract
Civil
Natural

8. A buyer ordered 5,000 apples from the seller at P20 per apple. The seller
delivered 6,000 apples. What are the rights and obligations of the buyer?
a) He can accept all 6,000 apples and pay the seller at P20 per apple.
b) He can accept all 6,000 apples and pay a lesser price for the 1,000
excess apples.
c) He can keep the 6,000 apples without paying for the 1,000 excess
since the seller delivered them anyway.
d) He can cancel the whole transaction since the seller violated the terms
of their agreement.
III. BONUS
A debt was payable in installment. It was also agreed that if any installment
was not paid on time, the whole debt would mature (installment cancelled; debtor
need to pay entire amount at once). The debtor did not pay one installment on time.
After some time, because the debtor did not pay the whole debt, the creditor
brought an action to court.
Q. From what time was the debtor in default, from the time the installment was not
paid at the stipulated date, or from the time the action was filed? (for purposes of
computing interest) Explain your answer.

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