OBLICON

1.The creditor becomes the owner of the thing

given by the debtor

-application of payment

-compensation

- payment by cession

-dation in payment

2. In ___there is only one person who is a

creditor and debtor

-dacion en pago

-Confusion

-payment by cession

-compensation

3.Refers to the elements which are deemed to exist in certain contacts even in the absence of some stipulations.

-accidental elements

-conditional

-Natural elements

-absolute

4. It the gratuitous abandonment by the creditor of his right against the debtor

- dacion en pago

- abandonment

- remission

-novation

5. Consignation is the application on the following

- when the creditor is absent or unknown or does not appear at the place of payment

- when is incapacitated to receive the payment at the time it is true

- when two or more persons claim the same right to collect

-creditor becomes the owner of the thing given by the debtor

6. There is ____when one of the contracting parties is compelled by reasonable and well-grounded fear of an eminent and grave evil upon his person or property or upon the person or property of his spouse, s = descendants or ascendants, to give his consent

-Intimidation

-undue influence

-threat

-violence

7. Annabelle a tenant is in need of 20,000 pesos to pay his land lord who is seeking to eject him for failure to pay the rent. Annabelle tries to borrow from sofia but the latter instead tells her to sell her laptop for 10,000 pesos. Annabelle has nobody to turn to for assistance this is an example of

-Undue influence

-fraud

-intimidation

-mistake

8. I. A contract which has a tendency to be injurious to the public or is against the public good is contrary to public policy

II. actual injury need to be shown

-False false

-true true

-true false

-false true

9. A contract entered into by a person who's capable of giving intelligent consent is

-Voidable

-void

-valid

-unenforceable

10. D owes C 50,000 pesos .subsequently D proposed to C that T will assume his (D's) debt. C accepted the proposal of D. assume that on due date T could not pay because of his insolvency was in fact subsisting but was not known to D or of public knowledge at the time that D delegated his debt. in this case.

-C can revive D's debt whether or not he (D) was aware of T's insolvency since he (D) proposed the substitution

-C cannot hold D liable because his (D's) obligation was extinguished when he was substituted by T.

- the novation is void because D did not take steps to determine the solvency of T when he (D) delegated is debt.

11. Dolores borrowed 15,000 pesos from consuelo. on due date dolores was not able to pay but she promised to give Consuelo a specific ring, a specific bracelet, or a specific necklace, in payment of the debt. Consuelo accepted the offer of Dolores. How was the obligation of Dolores to pay P15,000 extinguished?

-By novation

-By confusion

-By compensation

-By condonation

12.This is the stage in the life of a contract when the parties have come to a definite agreement or meeting of the minds regarding the subject matter and cause of the contract.

-Perfection or birth

-Delivery or transfer of ownership

-Consummation or termination

-Preparation or negotiation

13. A contract entered into by deafmutes who do not know how to write is

Select the correct response:

-valid

-Void

-voidable

-unenforceable

14. The following are requisites of Application of payment, except

-The debtor must be (partially)

insolvent

-There must be two or more debts

-There must be one debtor and one

creditor

-The payment made must not be sufficient to cover all the debts.

15.A contract entered into by an incapacitated person is

-unenforceable

-voidable

-void

-rescissible

16. .When the law requires that a contract be in some form to be valid, it is called as

-Solemn contract

-Real contract

-Nominate contract

-Innominate contract

17.It is the assignment or abandonment of all properties of the debtor for the benefit of his creditors in order that the latter may sell the same and apply the proceed thereof in satisfaction of their credits

-dation in payment

-application of payment

-payment by cession

-novation