Matching Type

1. If a duly authorized agent acts in accordance with the orders of the principal, the latter cannot set up the _______ of the agent as to circumstance whereof he himself was, or ought to have been, aware.

2. By ________ a person, called the guarantor, binds himself to the creditor to fulfill the obligation of the principal debtor in case the latter should fail to do so.

3. A ________ is one wherein the delivery is made by the will of the depositor.

4. A _____________ is a written document or instrument which embodies the acts to be performed by the agent for and in behalf of the principal.

5. The agency shall remain in full force and effect even after the death of the principal, if it has been constituted in the ______ of the latter and of the agent.

6. A contract of sale is an onerous contract because of the ______ imposed upon the parties in consequence of the contract.

7. A payment is made in __________ when it is made at or after the maturity of the instrument to the holder thereof in good faith and without notice that his title is defective.

8. A contract of sale is ___________ when it is not subject to any condition or contingency in order to effect the transfer of ownership of the thing upon its delivery to the vendee.

9. By the contract of _______ the creditor acquires the right to receive the fruit of an immovable of his debtor, with the obligation to apply them to them to the payment of the interest, if owing and thereafter to the principal of his credit.

10. A warehouseman having a valid against the person demanding the goods may refuse to deliver the goods to him until the lien is satisfied.

11. An agency couched in general terms shall compromise only acts of ____.

12. Every negotiable instrument is payable at the time fixed therein without ___.

13. Contracts without special names or designations are referred to as _____.

14. The object or subject matter of a contract of sale must be a ______ thing.

15. A special kind of a bill or exchange drawn on a bank payable on demand is a ____________.

a. lien

b. burden

c. check

d. absolute

e. common interest

f. determinate

g. voluntary deposit

h. innominate

i. antichresis

j. guaranty

k. grace

L. administration or management

m. ignorance

n. due course

o. power of attorney

1.As a rule, an inland bill of exchange is subject to protest when dishonored for non-acceptance or non-payment.

Select one:

True

False

2. form as may be required by law.

Select one:

a. A requirement in which an instrument to be negotiable must conform

b. A condition in which a holder in due course is a holder who has taken the instrument

c. Essential requisites/elements of agency

d. Modes of effecting contructive delivery

3. The general rule is that the agent must advance the necessary funds to carry out the agency.

Select one:

True

False

4. that he became the holder of it before it was overdue, and without notice that it had been previously dishonored, if such was the fact.

Select one:

a. A condition in which a holder in due course is a holder who has taken the instrument

b. Modes of effecting contructive delivery

c. Essential requisites/elements of agency

d. A requirement in which an instrument to be negotiable must conform

5. by symbolic delivery or traditio symbolica

Select one:

a. Modes of effecting contructive delivery

b. A condition in which a holder in due course is a holder who has taken the instrument

c. A requirement in which an instrument to be negotiable must conform

d. Essential requisites/elements of agency

6. Where an endorsement is conditional, the party required to pay the instrument may disregard the condition, and make payment to the endorsee or his transferee whether the condition has been fulfilled or not.

Select one:

True

False

7. It must be in writing and signed by the maker or drawer.

Select one:

a. Essential requisites/elements of agency

b. A condition in which a holder in due course is a holder who has taken the instrument

c. Modes of effecting contructive delivery

d. A requirement in which an instrument to be negotiable must conform

8. It must be payable on demand, or at a fixed or determinable future time.

Select one:

a. Essential requisites/elements of agency

b. A condition in which a holder in due course is a holder who has taken the instrument

c. A requirement in which an instrument to be negotiable must conform

d. Modes of effecting contructive delivery

9. consent of the contracting parties

Select one:

a. Essential requisites/elements of agency

b. A requirement in which an instrument to be negotiable must conform

c. A condition in which a holder in due course is a holder who has taken the instrument

d. Modes of effecting contructive delivery

10. The negotiable character of an instrument is impaired by qualified endorsement.

Select one:

True

False

11. that he took it in good faith and for value

Select one:

a. Essential requisites/elements of agency

b. A condition in which a holder in due course is a holder who has taken the instrument

c. A requirement in which an instrument to be negotiable must conform

d. Modes of effecting contructive delivery

12. Traditio longa manu is the opposite of traditio brevi manu.

Select one:

True

False

13. It must be payable to order or bearer.

Select one:

a. A requirement in which an instrument to be negotiable must conform

b. A condition in which a holder in due course is a holder who has taken the instrument

c. Essential requisites/elements of agency

d. Modes of effecting contructive delivery

14. by tradition constitutum possessorium

Select one:

a. A condition in which a holder in due course is a holder who has taken the instrument

b. Essential requisites/elements of agency

c. A requirement in which an instrument to be negotiable must conform

d. Modes of effecting contructive delivery

15. object certain which is the subject matter of the contract

Select one:

a. A requirement in which an instrument to be negotiable must conform

b. A condition in which a holder in due course is a holder who has taken the instrument

c. Essential requisites/elements of agency

d. Modes of effecting contructive delivery