1. Ana, Baby and Carol formed ABC Partnership on August 2015. Each partner promised to contribute P500,000 each to the partnership fund on September 1, 2015. Only Carol failed to contribute on that day. On 15 September 2015. Which of the following statement is true

a. partnership was dissolved

b. No delay was incurred

c. No delay was incurred as Ana and Baby made no demand from Carol

d. Carol is guilty of delay

2. Jaja and Jojo are identical twins. Gigi owed Jojo P5,000 pesos. One day Gigi went to the twin's house, to effect payment. Mistaking Jaja for Jojo, Gigi handed the amount she owed. Jaja however did not tell Gigi that he was not Jojo. Upon discovery of the wrong payment, Gigi filed an action for recovery against Jaja. What obligation should the basis of the complaint be anchored on?

a. contract

b. quasi-delict

c. quasi contract

d. delict or crime

3. A owes B P10,000 payable on June 30, 2011 and as a security A pledged his ring to B. necessarily, the ring was delivered to B. On due date, the ring is found in the possession of A when it should be in the possession of B. As a result, one of the following is not correct.

a. A's obligation to B is extinguished

b. A's obligation to B is not extinguished

c. The contract of pledge is extinguished

d. The contract of pledge is extinguished but not the principal obligation