Saint Paul School of Business and Law - ZDSFFSDF - REGULATORY FRAMEWORK ON BUSINESS TRANSACTIONS - Study Guide

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1. The following are the requisites of an oblicon, except: a. Passive subject, debtor or obligor. b. Active subject, creditor, or oblige. c. Efficient cause. d. Demand. 2. Obligations may arise f... rom any of the following, except: a. Contracts. b. Quasi-contracts. c. Law. d. Prestation. 3. It is the voluntary administration of the property of another without his consent. a. Negotiorum gestio b. Solutio indebiti c. Quasi-delict d. Contract 4. It is a wrong committed without any pre-existing relations between the parties. a. Natural obligations b. Quasi-delict c. Quasi-contract d. Crime 5. Unless the law or the stipulations of the parties require another standard of care, every person obliged to give something is also obliged to take care of it with: a. Extra-ordinary diligence. b. Diligence of a father of a good family. c. Diligence of a good father of a family. d. Good diligence of a father of a family. 6. The creditor has a right that is enforceable against a definite passive subject. This right is known as: a. Personal right. b. Real right. c. Natural right. d. Civil right. 7. It is a thing that is particularly designated or physically segregated from all others of the same class. a. Generic thing. b. Indeterminate thing. c. Determinate thing. d. Real thing. REGULATORY FRAMEWORK ON BUSINESS TRANSACTIONS TEST BANK Page 2 of 62 8. One of the following is a determinate thing. Which is it? a. A cow. b. A horse. c. A Toyota car with engine no. 12345, body no. 34890 and a plate no. ABC 123. d. A ring with diamond embellishment. 9. Demand must be made on the due date of the obligation in order for delay to exist in one of the following cases. Which is it? a. When it was stipulated by the parties that demand need not be made. b. When the law provides that demand need not be made. c. When the obligation does not indicate whether demand must be made or not on due date. d. When time is of the essence of the contract. 10. This refers to delay on the part of the creditor. a. Mora solvendi ex re b. Compensation morae c. Mora solvendi ex personae d. Mora accipiendi 11. There shall be no liability for loss due to fortuitous events in one of the following cases. Which is it? a. When the debtor delays. b. When the parties so stipulated that there shall be liability even in case of loss due to fortuitous events. c. When the nature of the obligation requires the assumptions of risks. d. When the obligation is to deliver a determinate thing and there was no stipulation as to the liability of the debtor in case of loss due to fortuitous events. 12. The following are the remedies of the creditor to pursue his claims against the debtor, except to: a. Pursue the property owned and in possession of the debtor. b. Exercise all the rights and bring all the actions of the debtor (accion subrogatoria) c. Impugn the acts which the debtor may have done to defraud his creditors (accion pauliana). d. Compel the debtor to perform the service in obligations to do. 13. D borrowed P50, 000.00 from C. C dies before he has collected the debt leaving S, his son, as heir. Which of the following statements is correct? a. S can collect from D although D and C did not agree that the credit right will pass on to the heirs of C. b. S cannot collect because the credit right is personal to C. c. S can collect only if D and C agreed that the credit right will pass on the heirs of C. d. S cannot collect because the law prohibits the transmission of the credit right [Show More]

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