Subject: Obligations and contract

1. A is the owner of a cow. He sold same to B. B paid for the cow. After the payment, but before A has delivered the cow to B, the cow gave birth to a calf.

(A) Who owns the calf?

(B) Why?

2. A party who has an obligation to do or perform an undertaking may be liable for damages, if he commits any of these acts/things, while performing his obligation. Name these things acts which could be grounds for liability.

3. A, B, and C owe X, Y and Z, P3000. (A) What kind of obligation would this be, if A, B and C are liable each for P1K or just one-third of the whole indebtedness? (B) What kind of obligation is it if anyone of them (A,B or C) could be made or held liable for the whole P3K indebtedness?

4. Enumerate and explain the kinds of payment.

5. Explain Application of Payments and Dacion en Pago.

6. What are meant by: Condonation, Remission, and Compensation?

7. What vitiates the consent in a contract? Explain the meaning of each.

8. What is the rule with respect to what form must contracts have and give two exceptions to this rule.

9. What are the kinds of defective contracts?

10. How would you classify a contract entered into by a heavily intoxicated person (at the time of execution of the contract)?

11. How would you classify a contract entered into by a minor? Why?

12. What are the two bases of natural law?

13. Give two examples of application of natural law.

14. Are incidents based on natural law actionable? Why?