REGULATORY FRAMEWORK ON BUSINESS TRANSACTIONS TEST BANK
OBLIGATIONS
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 from 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
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.
, REGULATORY FRAMEWORK ON BUSINESS TRANSACTIONS TEST BANK
14.D is obliged to give C a specific car if C passes the CPA Licensure
Examination. D’s obligation is an example of:
a. A pure obligation
b. An obligation with a suspensive condition.
c. An obligation with a resolutory condition.
e. An obligation with a period.
15. One of the following obligations is not immediately demandable.
a. Pure obligation.
b. Obligation with a resolutory condition.
c. Obligation with an in diem period.
d. Obligation with an ex die period.
16. One of the following is a void obligation:
a. D is obliged to give C P5, 000.00 if C does not go to the moon.
b. D is obliged to give C P5, 000.00 if D goes to Baguio.
c. D is obliged to give C P5, 000.00 if C goes to Baguio.
d. D is obliged to give C P5,000.00 if D wins first prize in the
sweepstakes on a ticket that he had already purchased.
17. D is obliged to give C P10,000.00 if X dies. This is an example of:
a. An obligation with a suspensive condition.
b. An obligation with a resolutory condition.
c. An obligation with a period.
d. A pure obligation.
18.When the debtor binds himself to pay when his means permit him to do
so, the obligation is:
a. An obligation with a resolutory condition.
b. A pure obligation.
c. An obligation with a suspensive condition.
d. An obligation with a suspensive period.
19.Whenever a period is designated in an obligation, the said period shall be
presumed to have been established for the benefit of:
a. The debtor.
b. The creditor.
c. Both debtor and creditor.
d. Neither of the parties.
20. The debtor shall lose the right to make use of the period in the
following cases, except when he:
a. becomes insolvent
b. Violates any undertaking in consideration of which the creditor agreed to the
period.
c. Attempts to abscond.
d. Does not furnish any guaranty or security to the creditor.
21. An obligation ceases to be alternative and becomes a simple obligation in
the following cases, except when:
, REGULATORY FRAMEWORK ON BUSINESS TRANSACTIONS TEST BANK
b. The right of choice has been expressly granted to the creditor and his
choice has been communicated to debtor.
c. Among the several prestations that are due only one is practicable.
d. Three prestations are due but one of them is unlawful or impossible.
22. D is obliged to give C a specific watch, a specific ring, or a specific
bracelet. The parties agreed that C will have the right to choose the thing
which will be given to him. Before C could make his choice, the watch and
the ring are lost through D’s fault, successively. What is the right of C?
a. C may choose the delivery to him of the bracelet, or the price of the watch or
the price of the ring plus the damages.
b. C cannot choose the price of the watch or the price of the ring because the
said objects have already been lost.
c. C can only choose to have the bracelet because anyway, D can still
perform his obligation.
d. C can only choose to have delivery of the bracelet or the price of the ring
which was the last item that was lost plus damages.
23. D is obliged to give C a specific ring . The parties agreed that D may
give a specific bracelet as substitute. Which of the following statements is
true?
a. If the ring is lost through a fortuitous event before substitution, the
obligation is extinguished.
b. If the bracelet is lost through a fortuitous event before substitution, the
obligation is extinguished.
c. If the ring is lost through a fortuitous event after substitution, the
obligation is extinguished.
d. If the ring is lost through the debtor’s fault after substitution, the
debtor shall pay damages.
24. A, B, C and D are obliged to give V, W, X, Y and Z, P20,000.00
a. V may collect from A P20,000.00
b. V may collect from A P5,000.00
c. V may collect from A P1,000.00
d. V may collect from A P4,000.00
25. A, B, C, and D, joint debtor, are obliged to give V, W, X, Y, and Z,
solidary creditors, P20,000.00
a. V may collect from B P20,000.00
b. V may collect from B P4,000.00
c. V may collect from B P5,000.00
d. V may collect from B P1,000.00
26. A, B, C, and D solidary debtor, are obliged to give V, W, X, Y, and Z,
joint creditor, P20,000.00
a. V may collect from B P20,000.00
b. V may collect from B P4,000.00
c. V may collect from B P5,000.00
d. V may collect from B P1,000.00
OBLIGATIONS
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 from 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
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.
, REGULATORY FRAMEWORK ON BUSINESS TRANSACTIONS TEST BANK
14.D is obliged to give C a specific car if C passes the CPA Licensure
Examination. D’s obligation is an example of:
a. A pure obligation
b. An obligation with a suspensive condition.
c. An obligation with a resolutory condition.
e. An obligation with a period.
15. One of the following obligations is not immediately demandable.
a. Pure obligation.
b. Obligation with a resolutory condition.
c. Obligation with an in diem period.
d. Obligation with an ex die period.
16. One of the following is a void obligation:
a. D is obliged to give C P5, 000.00 if C does not go to the moon.
b. D is obliged to give C P5, 000.00 if D goes to Baguio.
c. D is obliged to give C P5, 000.00 if C goes to Baguio.
d. D is obliged to give C P5,000.00 if D wins first prize in the
sweepstakes on a ticket that he had already purchased.
17. D is obliged to give C P10,000.00 if X dies. This is an example of:
a. An obligation with a suspensive condition.
b. An obligation with a resolutory condition.
c. An obligation with a period.
d. A pure obligation.
18.When the debtor binds himself to pay when his means permit him to do
so, the obligation is:
a. An obligation with a resolutory condition.
b. A pure obligation.
c. An obligation with a suspensive condition.
d. An obligation with a suspensive period.
19.Whenever a period is designated in an obligation, the said period shall be
presumed to have been established for the benefit of:
a. The debtor.
b. The creditor.
c. Both debtor and creditor.
d. Neither of the parties.
20. The debtor shall lose the right to make use of the period in the
following cases, except when he:
a. becomes insolvent
b. Violates any undertaking in consideration of which the creditor agreed to the
period.
c. Attempts to abscond.
d. Does not furnish any guaranty or security to the creditor.
21. An obligation ceases to be alternative and becomes a simple obligation in
the following cases, except when:
, REGULATORY FRAMEWORK ON BUSINESS TRANSACTIONS TEST BANK
b. The right of choice has been expressly granted to the creditor and his
choice has been communicated to debtor.
c. Among the several prestations that are due only one is practicable.
d. Three prestations are due but one of them is unlawful or impossible.
22. D is obliged to give C a specific watch, a specific ring, or a specific
bracelet. The parties agreed that C will have the right to choose the thing
which will be given to him. Before C could make his choice, the watch and
the ring are lost through D’s fault, successively. What is the right of C?
a. C may choose the delivery to him of the bracelet, or the price of the watch or
the price of the ring plus the damages.
b. C cannot choose the price of the watch or the price of the ring because the
said objects have already been lost.
c. C can only choose to have the bracelet because anyway, D can still
perform his obligation.
d. C can only choose to have delivery of the bracelet or the price of the ring
which was the last item that was lost plus damages.
23. D is obliged to give C a specific ring . The parties agreed that D may
give a specific bracelet as substitute. Which of the following statements is
true?
a. If the ring is lost through a fortuitous event before substitution, the
obligation is extinguished.
b. If the bracelet is lost through a fortuitous event before substitution, the
obligation is extinguished.
c. If the ring is lost through a fortuitous event after substitution, the
obligation is extinguished.
d. If the ring is lost through the debtor’s fault after substitution, the
debtor shall pay damages.
24. A, B, C and D are obliged to give V, W, X, Y and Z, P20,000.00
a. V may collect from A P20,000.00
b. V may collect from A P5,000.00
c. V may collect from A P1,000.00
d. V may collect from A P4,000.00
25. A, B, C, and D, joint debtor, are obliged to give V, W, X, Y, and Z,
solidary creditors, P20,000.00
a. V may collect from B P20,000.00
b. V may collect from B P4,000.00
c. V may collect from B P5,000.00
d. V may collect from B P1,000.00
26. A, B, C, and D solidary debtor, are obliged to give V, W, X, Y, and Z,
joint creditor, P20,000.00
a. V may collect from B P20,000.00
b. V may collect from B P4,000.00
c. V may collect from B P5,000.00
d. V may collect from B P1,000.00
