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    The Law On Obligations and Contracts Midterms Exam

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    Francis Ray Arbon Filipinas
    1. The document contains a midterm examination for a law on obligations and contracts course. It has four sections testing knowledge of sources of obligations, true/false statements, differentiating obligation types, and answering essay questions. 2. The essay questions test understanding of payment terms in loan obligations, cases when a debt is immediately demandable, alternative obligations giving the debtor choice, and demanding early payment if the debtor becomes insolvent. 3. The examination evaluates comprehension of key concepts in obligations and contracts law including essential requisites, fortuitous events, obligation classifications, negligence versus fraud, and different types of obligations.

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    The Law On Obligations and Contracts Midterms Exam

    Uploaded by

    Francis Ray Arbon Filipinas
    3K views3 pages
    1. The document contains a midterm examination for a law on obligations and contracts course. It has four sections testing knowledge of sources of obligations, true/false statements, differentiating obligation types, and answering essay questions. 2. The essay questions test understanding of payment terms in loan obligations, cases when a debt is immediately demandable, alternative obligations giving the debtor choice, and demanding early payment if the debtor becomes insolvent. 3. The examination evaluates comprehension of key concepts in obligations and contracts law including essential requisites, fortuitous events, obligation classifications, negligence versus fraud, and different types of obligations.

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    the law on obligations and contracts

    Original Title

    The Law on Obligations and Contracts Midterms Exam (1)

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    1. The document contains a midterm examination for a law on obligations and contracts course. It has four sections testing knowledge of sources of obligations, true/false statements, differentiating obligation types, and answering essay questions. 2. The essay questions test understanding of payment terms in loan obligations, cases when a debt is immediately demandable, alternative obligations giving the debtor choice, and demanding early payment if the debtor becomes insolvent. 3. The examination evaluates comprehension of key concepts in obligations and contracts law including essential requisites, fortuitous events, obligation classifications, negligence versus fraud, and different types of obligations.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    3K views3 pages

    The Law On Obligations and Contracts Midterms Exam

    Uploaded by

    Francis Ray Arbon Filipinas
    1. The document contains a midterm examination for a law on obligations and contracts course. It has four sections testing knowledge of sources of obligations, true/false statements, differentiating obligation types, and answering essay questions. 2. The essay questions test understanding of payment terms in loan obligations, cases when a debt is immediately demandable, alternative obligations giving the debtor choice, and demanding early payment if the debtor becomes insolvent. 3. The examination evaluates comprehension of key concepts in obligations and contracts law including essential requisites, fortuitous events, obligation classifications, negligence versus fraud, and different types of obligations.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    ST PAUL UNIVERSITY DUMAGUETE

    ST PAUL UNIVERSITY SYSTEM


    College of Business and Information Technology

    THE LAW ON OBLIGATIONS AND CONTRACTS

    MIDTERM EXAMINATION

    TEACHER: ATTY. FRANCIS RAY A. FILIPINAS

    NAME: DATE:

    COURSE & YEAR:

    I. ENUMERATION. (20pts)

    ENUMERATE WHAT IS ASKED FOR.

    1-5. What are the sources of obligations?

    6-9. Give the four essential requisites of an obligation.

    10-13. Give the four requisites of a fortuitous event.

    14-20. Give at least seven classifications of obligations.


    II. MODIFIED TRUE OR FALSE. (20pts)

    WRITE TRUE IF THE STATEMENT IS CORRECT AND FALSE IF OTHERWISE. EXPLAIN YOUR ANSWER.

    21-22. The debtor has the right to recover what he has paid in good faith to the creditor before
    the arrival of the period agreed upon.

    22-24. In alternative obligations, the right of choice belongs to the creditor, unless it has been
    expressly granted to the debtor.

    25-26. An action for future fraud may be renounced.

    27-28. Obligations are not extinguished by payment or performance of the obligation.

    29-30. An action for future negligence may be renounced.

    31-32. Every person obliged to give something is also obliged to take care of it with the proper
    diligence of a good father of the family.

    33-34. If the obligor delays, or has promised to deliver the same to two or more persons who do
    not have the same interest, he shall be responsible for any fortuitous event until he has effected
    delivery.

    35-36. The obligation to give a determinate thing includes that of delivering all its accessories
    and accessions.

    37-38. If a person obliged to do something fails to do it, the same shall be executed at his cost.

    39-40. Those who in the performance of his obligations are guilty of fraud are also liable for
    damages.

    III. DIFFERENTIATION. (20pts)

    DIFFERENTIATE THE FOLLOWING.

    41-45. Suspensive obligations vs. Resolutory obligations vs. Obligations with a period (5PTS)
    46-50. Negligence vs. Fraud (5PTS)

    51-60. Divisible Obligations vs. Indivisible Obligations vs. Joint Obligations vs. Solidary
    Obligations (10PTS)

    IV. ESSAY (40pts)

    PROPERLY AND THOROUGHLY ANSWER EACH QUESTION IN ORDER TO BE GIVEN FULL MERIT. THE
    STUDENTS ARE GRANTED TEN (10) POINTS PER PROBLEM. DEDUCTIONS WILL BE MADE FROM THE SAID
    TEN (10) POINTS FOR EVERY ISSUE NOT DISCUSSED OR TACKLED. VAGUE AND INCOMPLETE ANSWERS
    ARE ALSO SUBJECT FOR DEDUCTIONS.

    61-70. D (debtor) borrowed P10,000 from C (creditor) at 15% per annum payable on December
    31. Can D require C to accept payment before December 31? Please explain your answer.
    (10 PTS)

    71-80. D (debtor) binds himself to pay C (creditor) a sum of money. Give the three (3) cases
    when the obligation of D is demandable at once by C. (10PTS)

    81-90. D (debtor) borrowed P10,000 from C (creditor). It was agreed that D could pay P10,000 or
    deliver his piano on August 22. On August 20, D informed C that that he would deliver his piano.
    Can D later change his mind and pay P10,000 instead since he was given the right of choice?
    Please explain your answer. (10PTS)

    91-100. D (debtor) owes C (creditor) P10,000 due and payable on December. If D becomes
    insolvent on October, can C demand immediate payment from D even before December? Please
    explain your answer.

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