7. Misty obtained a loan from Ash in the amount of P12000000 due after a month When it became due, Brook paid said amount to Ash with the consent of Misty Which of the following is true? (1 Point) O The payment is ineffective O The loan obligation subsists O The loan obligation is extinguished O The payment is waived 18. The following are circumstances where legal subrogation is presumed, except? * (1 Point) When a creditor pays another creditor 0 who is preferred with the debtor's knowledge When, even without the knowledge of the debtor, a person interested in the fulll- O ment of the obligation pays, without prej udice to the effects of confusion as to the latter's share. When a creditor pays another creditor 0 who is preferred without the debtor's knowledge When a third person, not interested in the O obligation, pays with the express or tacit approval of the debtor 0 None of the above 19. The following may be the object of contracts is except? * (1 Point) O Future things 0 All rights which are not intransmissible 0 Future inheritance All services which are not contrary to law, O morals, good customs, public order or public policy O All things which are not outside the corn merce of men 20. There shall be no reformation in the following cases, except? * (1 Point) O The true intention of the parties is not ex- pressed in the instrument 0 Real agreement is void 0 Simple donation inter vivos wherein no condition is imposed O Wills 21. In a contract of sale, which of the following is true? * (1 Point) Q It does not create any obligation Q It involves bilateral obligations Q It has a minimum of three (3) parties Q It involves the assumption of risk 22. Bartre agreed to send Karla to school so long as she remains unmarried. What kind of condition is this? * (1 Point) O Precedent O Suspensive O Potestative O Resolutory 23. The following are the modes of extinguishment of obligation provided in the Article 1231 of the Civil Code, except? * (1 Point) O Novation O Confusion 0 Payment O Impossible Condition 24. Astor sold his laptop to Boy for P75,000.00. The payment was made by delivering two postdated checks in the amount of P40,000.00 and P35,000.00. Which of the following is true? * (1 Point) 0 All obligations have been fullled O The obligation to pay subsists O The obligation to pay has been extinguished O The obligation to deliver has been extinguished