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1 A offers B to purchase his car. A allows B two weeks to accept the offer. A and B also enters into a contract of option for the two weeks allowance and B paid P200 for the option. Can A withdraw the offer before acceptance by B?

Select one:

a. No because the offer cannot be withdrawn once given.

b. Yes because the contract is not yet perfected.

c. No because the option contract is supported by a consideration.

d. Yes because an offer may be withdrawn by offerer before the acceptance is communicated.

2 Which of the following statements concerning the concept of consent is incorrect?

Select one:

a. A qualified acceptance constitutes a counter-offer.

b. Consent is manifested by the meeting of the officer and the acceptance upon the thing and the cause which are to constitute the contract.

c. A consent must be expressed and never implied.

d. The offer must be certain and the acceptance absolute.

3 It refers to the designation of the debt which is being paid by a debtor who has several obligations of the same kind in favor of the creditor to whom payment is made.

Select one:

a. Payment by cession

b. Application of payments

c. Dation in payment

d. Tender of payment and consignation

4 It is a solidarity that exists among the creditors.

Select one:

a. Mixed solidarity

b. Active solidarity

c. Passive solidarity

d. Simple solidarity

5 The following contracts are presumed in fraud of creditors and considered rescissible, except:

Select one:

a. All contracts by virtue of which the debtor alienates property by gratuitous title when the donor did not reserve sufficient property to pay all debts contracted before the donation.

b. All contracts by virtue of which the debtor alienates property by gratuitous title when the donor did not reserve sufficient property to pay all debts contracted before the donation.

c. Alienations by onerous title when made by persons against whom some judgment has been rendered in any instance or some writ of attachment has been issued.

d. Any contracts entered into by a solvent person

6 It refers to the stage of the contract life where the parties have performed their respective obligations and contract is terminated.

Select one:

a. Consummation

b. Conception

c. Preparation

d. Perfection

7 In an obligation to deliver a determinate thing, what degree of diligence shall be exercised by the obligor or debtor in the preservation of the thing?

Select one:

a. No diligence unless the law or the stipulation of the parties requires another standard of care.

b. Extraordinary diligence unless the law or the stipulation of the parties requires another standard of care.

c. Diligence of a father of a good family unless the law or the stipulation of the parties requires another standard of care.

d. Diligence of a good father of a family unless the law or the stipulation of the parties requires another standard of care.

8 The following are attributes of a voidable contract. Which is not?

Select one:

a. The capacitated cannot allege the incapacity of the other party.

b. It is binding, valid and enforceable before annulment.

c. Damage is material to a voidable contract.

d. It can be ratified and ratification has retroactive effect.

9 The parties may not stipulate that the payment may be made in currency other than the Philippine legal tender at the time of payment.

Select one:

True

False

10 The following are the requisites of a prestation or object of an obligation, except:

Select one:

a. It must be a positive obligation only.

b. It must be determinate, or, at least, determinable according to pre-established elements or criteria.

c. It must have possible equivalent in money.

d. It must be possible, physically and juridically.

11 Human internal organs are valid objects of a contract of sale as long as there is just payment for such.

Select one:

True

False

12 A preparatory contract is one which serves as a means by which other contracts may be entered into.

Select one:

True

False