LAW On Obligation and Contracts Prelim

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DMC COLLEGE FOUNDATION INC.

Sta. Filomena, Dipolog City


2nd Semester 2020- 2021

SCHOOL OF BUSINESS AND ACCOUNTANCY

HIGHER EDUCATION DEPARTMENT Law on Obligations and Contracts


PRELIMINARY EXAMINATION Atty. Earl Russell S. Paulican, REB, LPT

NAME: ___________________________________________ SCORE: _______________________


COURSE/YEAR: ___________________________________ DATE: ________________________

“Commit to the Lord whatever you do, and your plans will succeed”
Proverbs 16:3

I. Essay items. 10 points per item.

a) Define Obligation and enumerate the sources of obligation.

b) What are the grounds(causes) for liabilities or damages?

c) What are the instances wherein the debtor is still liable even if the thing is lost due to
fortuitous event?

d) General rule: no demand, no delay. When is demand not needed but the debtor still incurs a
delay?

e) A promised to give B P1,000,000 if B passes the bar. Pending the results of the bar. A’s
money is destroyed by fire, not imputable to A. When B passes the bar, does A still have to
give him P1,000,000? (5 points)

Prepared by: Atty. Earl Russell S. Paulican, REB,LPT GOD


Bless
II. Identification. 2 points each. Write your answers before each question.

________________1. An event which could not be foreseen or which though foreseen, is


inevitable.
________________2. Is the deliberate intention to cause damage or voluntary execution of
wrongful act.
________________3. One where the fulfillment is dependent on chance/ or will of third
person.
________________4. A right that is enforceable against the world.
________________5. A voluntary take charge of the agency or management of the business
or property of another.
________________6. Non-fulfillment of the obligation by the obligor or creditor within the time
agreed.
________________7. The happening of the condition extinguishes the obligations for rights.
________________8.A condition where the happening of the future and uncertain event is
dependent upon the sole will of the debtor.
________________9. A delay in performing the prestation to do.
________________10. The happening of the condition or event gives rise to the obligation.

-Success is a Choice, not a Destiny-


_keep on dreaming_

Prepared by: Atty. Earl Russell S. Paulican, REB,LPT GOD


Bless

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