1. 105-year old Lolo Tino has been known for 10 years to have lost his mind to Alzheimer Disease but the neighborhood knows that, around 3 pm everyday, he gets back the function of his brain for 2 hours and often tells the neighborhood kids vivid stories of the horrors World War II. One day, while telling one of his WW II stories, he was interrupted to sign a contract selling his l house and lot for the sum of P1 million pesos. The contract is * (1 Point) O Voidable O Valid 0 Unenforceable O Void 2. This is where the debtor cede or assign his property to his creditors in payment of his debts. It shall only release the debtor from responsibility for the net proceeds of the thing assigned. * (1 Point) O Noyation O Confusion O Compensation O Compensation 0 Payment by cession 4. Ricky, who is residing abroad, bought the motorcycle of John. While stored in a warehouse, the motorcycle rusted due to ordinary wear and tear. Which of the i following is true? * (1 Point) 0 John shall pay for the repair of the motorcycle 0 Ricky bears the loss 0 John bears the loss 0 Ricky shall pay John for the storage of the motorcycle 5. Tharja sold her handbag to Owain for P30,000.00. Owain failed to pay the same. What is Tharja's remedy under the law? * (1 Point) O Reformation O Specific Performance 0 Forcible Performance O Return 6. Which of the following statements regarding rescissible contracts is false? * (1 Point) Rescission creates the obligation to re 0 turn the things which were the object of the contract, together with their fruits, and the price with its interest. 0 The action for rescission is primary. 0 Contracts validly agreed upon may be re scinded in the cases established by law 0 Rescission shall be only to the extent necessary to cover the damages caused. 7. Jose entered into a contract of lease with Waldo as lessor where in case of breach, the guilty party's rst daughter shall be married to the innocent party. The Court nullified this penalty for being illegal. Which of the following is true? * (1 Point) O The obligations remain in force 0 The contract is unenforceable O The obligations are deemed not imposed O The contract of lease is illegal 8. Betsy has an obligation to deliver a box of flowers to Kevan. Without the former's knowledge, Anna delivered flowers of superior kind to Kevan on her behalf. Which of the following is false? * (1 Point) O Anna may demand reimbursement from Betsy for the price of the superior flowers Anna may demand reimbursement from O Betsy for the price of the flowers in- tended by to be delivered by Betsy O Anna has no interest in the in the fulfill- ment of the obligation O Kevan may refuse to receive the flowers 9. It means not only the delivery of money but also the performance, in any other manner, of an obligation * (1 Point) O Confusion O Payment O Compensation O Novation