1 Explain the following statement... The Constitution is one the sources of laws in the Philippines, but the... "The supremacy of the constitution over all other laws of the land is paramount".

2 Obligations and Contracts is a law on business transactions.What is the source? When did it take effect?

3 Define and give short explanation for each term indicated. a) Obligation (as defined in Article 1156 of the Civil Code); and enumerate the requisites b) Contract (as defined in Article 1305 of the Civil Code); and enumerate its elements

4 Identify the five (5) sources of obligations and give short comments on each. (see Articles 1158-1162)

5 List the different kinds of obligation and give short comments on each.

6 List and explain extensively the extinguishment of obligations.

7 List the different kinds of contracts and give short comments on each.

8 List and explain extensively the essential requisites of contracts.