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BA 161 Assignment

This document outlines an assignment for the BA 161 course on Law on Business Transactions at the University of the Philippines Tacloban College for the 2nd Semester A.Y. 2024-2025. It includes a series of questions that require definitions, explanations, and legal distinctions related to obligations, contracts, and various legal concepts, with specific references to articles from the New Civil Code. Students are instructed to submit their answers by February 8, 2025, with strict guidelines on formatting and submission.

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13 views2 pages

BA 161 Assignment

This document outlines an assignment for the BA 161 course on Law on Business Transactions at the University of the Philippines Tacloban College for the 2nd Semester A.Y. 2024-2025. It includes a series of questions that require definitions, explanations, and legal distinctions related to obligations, contracts, and various legal concepts, with specific references to articles from the New Civil Code. Students are instructed to submit their answers by February 8, 2025, with strict guidelines on formatting and submission.

Uploaded by

stephanielimpiosgabriel
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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UNIVERSITY OF THE PHILIPPINES TACLOBAN COLLEGE

Magsaysay Boulevard, Tacloban City, 6500

BA 161
LAW ON BUSINESS TRANSACTIONS
2nd Semester A.Y. 2024-2025

ASSIGNMENT

Instructions: Answer the following questions based on your understanding of the


assigned readings. Print your answers in a long bond paper using Times New Roman as
font style, 12 font size, 1 inch border margin. Answer the questions chronologically.
Please indicate your FULL NAME (Family Name, First Name, Middle Initial), subject, course
and year on the upper-left corner of the page. In case your answers consist of more than
1 page, please indicate page numbers. You submit your outputs in class on February 8,
2025. STRICTLY NO DELAYED SUBMISSION OF ASSIGNMENTS.

(Article 1156-1178, New Civil Code)


In lieu of January 25, 2025 session

1. Define:
a. Obligation
b. Law
c. Contract
d. Quasi-contract
e. Delict
f. Quasi-delict
g. Fortuitous event
2. What are the requisites of a valid obligation?
3. Distinguish solutio indebiti and negotiorum gestio.
4. What are the requisites of quasi-delict?
5. May a person incur obligations even without entering into a contract or voluntary
agreement? Explain.
6. X borrowed money in the amount of P50,000.00 from Y. Unfortunately, X lost his
job and could barely meet his personal and daily expenses, most especially now
that the cost of basic commodities significantly increased due to inflation. Can X
be excused from paying his debt from Y?
7. Differentiate specific thing and generic thing. Give at least two examples each.
8. What are the different kinds of delay?
9. What rights are given by law to the creditor in case the debtor fails to comply with
his obligation to deliver a specific thing?
10. R sold a specific watch to S and promised to deliver it on February 1, 2024.
However, R did not deliver the specific watch on the said date. Is R guilty of legal
delay? Explain.
11. Debtor borrowed P1,000.00 from creditor payable after 1 year. Is the debtor liable
to pay interest? Why?

1|Page
BA 161 Assignment
(Article 1179-1198, New Civil Code)
In lieu of February 1, 2025 session

1. Define:
a. Pure obligation
b. Conditional obligation
c. Suspensive condition
d. Resolutory condition
e. Period
f. Potestative condition
g. Casual condition
h. Reciprocal obligations
i. Obligations with a period

2. What is the rule in case the thing to be delivered:


a. Is lost with the debtor’s fault?
b. Is lost without the debtor’s fault?
c. Deteriorates with the debtor’s fault?
d. Deteriorates without the debtor’s fault?

3. S sold a car to B for P1,000,000.00 payable in installments of P20,000.00 per


month. The said car was delivered to B who obtained ownership thereof. After B
had paid P900,000.00, he could no longer continue paying in view of financial
reverses but he was willing to pay the balance of P100,000.00 if given more time.
Thereupon, S sued for rescission against B. If you were the judge, would you grant
rescission? Explain.

4. May an obligor be liable under an obligation subject to a suspensive condition


although the condition has not yet been fulfilled? Explain.

5. Has the debtor the right to recover what he has paid to the creditor before the
arrival of the period agreed upon? Explain.

6. D binds himself to give P100,000.00 to C upon the death of the father of D. Is the
obligation of D conditional or one with a period? Explain.

7. Give instances when the obligee can demand the performance of an obligation
even before the arrival of the period agreed upon.

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BA 161 Assignment

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