1.

The creditor has a right that is enforceable against a definite passive subject
PERSONAL RIGHT
2. It is a thing that is particularly designated or physically segregated from all others of the same class.
DETERMINATE THING
3. Determinate thing
A TOYOTA CAR WITH ENGINE NO. 12345, BODY NO.34890 AND A PLATE NO. ABC 123
4. Demand must be made on the due date of the obligation in order for delay to exist in one the following cases
WHEN THE OBLIGATION DOES NOT INDICATE WHETHER DEMAND MUST BE MADDE OR NOT ON DUE DATE.
5. Delay on the part of the creditor
MORA ACCIPIENDI
6. There shall be no liability for loss due to fortuitous events
WHEN THE OBLIGATION IS TO DELIVER A DETERMINATE THING AND THERE WAS NO STIPULATION AS TO THE LIABILITY OF THE DEBTOR IN CAS OF
LOSS DUE TO FORTUITOUS EVENTS
7. Following are the remedies of the creditor to pursue his claims against the debtor.
COMPEL THE DEBTOR TO PERFORM THE SERVICE IN OBLIGATIONS TO DO
8. 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 are CORRECT?
S CAN COLLECT FROM D ALTHOUGH D AND C DID NOT AGREE THAT THE CREDIT RIGHT WILL PASS ON TO THEIR HEIRS OF C
9. D is obliged to give C a specific car if C passes the CPA Licensure Examination.
OBLIGATION WITH A SUSPENSIVE CONDITION
10. Obligation is not immediately demandable
OBLIGATION WITH AN EX DIE PERIOD
11. Void Obligation
D IS OBLIGED TO GIVE C P5,000.00 IF D GOES TO BAGUIO
12. D is obliged to give C P10,000.00 if X dies
AN OBLIGATION WITH A PERIOD
13. When the debtors binds himself to pay when his means permit him to do so
AN OBLIGATION WITH A SUSPENSIVE PERIOD
14. Whenever a period is designated in an obligation, the said period shall be presumed to have been established for the benefit of
BOTH THE DEBTOE AND THE CREDITOR
15. The debtor shall lose the right to make use of the period in the following cases, EXCEPT?
WHEN HE DOES NOT FURNISH ANY GUARANTY OR SECURITY TO THE CREDITOR
16. An obligation ceases to be alternative and becomes a simple obligation EXCEPT?
WHEN THREE PRESTATION ARE DUE BUT ONE OF THEM IS UNLAWFUL OR IMPOSSIBLE
17. D is obliged to give C a specific watch, 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?
C MAY CHOOSE THE DELIVERY TO HIM OF THE BRACELET, OR THE PRICE OF THE WATCH OR THE PRICE OF THE RING PLUS DAMAGES
18. D is obliged to give a specific ring. The parties agreed that D may give a specific bracelet as substitute. Which statement is TRUE?
IF THE RING IS LOST THROUGH A FORTUITOUS EVENT BEFORE SUBSTITUTION, THE OBLIGATION IS EXTINGUISHED.
19. A, B, C and D are obliged to give V, W, X, Y and Z P20,000.00
V MAY COLLECT FROM A P1,000.00
20. A, B, C and D joint debtors are obliged to give V, W, X, Y and Z, solidary creditors P20,000.00
V MAY COLLECT FROM B P5,000.00
21. A, B, C and D solidary debtors are obliged to give V, W, X, Y and Z, joint creditors P20,000.00
V MAY COLLECT FROM C P 4,000.00
22. A, B, C and D solidary debtors are obliged to give V, W, X, Y and Z, solidary creditors P20,000.00
V MAY COLLECT FROM D P20,000.00
23. A, 25, B, 35, and C, 17, are solidary debtors of X in the amount of P9,000.00
X MAY COLLECT FROM A P6,000.00
24. Divisible obligation EXCEPT
TO GIVE DEFINITE THINGS
25. In an obligation with a penal clause, the creditor as a rule may recover from the debtor in case of breach
ONLY THE PENALTY
26. STATEMENT I: The nullity of the principal obligation carries with it the nullity of the penal clause -TRUE
STATEMENT II: The nullity od the penal clause carries with it the nullity of the principal obligation – TRUE
27. D borrowed C P 50,000.00. The obligations is secured by a chattel mortgage on D’s Toyota car. Subsequently, D paid C P20,000.00.
Unknown to D, T a third person pays C P 50,000.00 believing that D still owed C such amount.
T CAN RECOVER P 30,000.00 FROM D. IF D CANNOT PAY, T CANNOT FORECLOSE THE MORTGAGE ON D’s TOYOTA CAR
28. Concerning payment by cession EXCEPT ONE
THE CREDITORS BCOME THE OWNERS OF THE PROPERTOIES OF THE DEBTOR THAT WERE CEDED TO THEM
29. D obtained from ABC Bank a loan of P 12,000,000.00 payable at the end of 10 years. Before maturity, an extraordinary inflation
supervened causing the value of the debt to fall P 4,000,000.00 on the date of the maturity. On due date, D must pay ABC Bank
P36,000,000
 30. B borrowed from XYZ Bank P 2,000,000.00 payable at the end of 5 years. Before maturity an extraordinary deflation supervened
causing the value of the debt to rise to P 5,000,000.00 on the due date of maturity. On the due date, D must pay ABC bank:
P 800,000.00
31. The money or currency which the debtor may compel the creditor to accept the payment of a debt, whether public or private
LEGAL TENDER
32. The delivery and transmission of ownership of a thing by the debtor to the creditor as an accepted equivalent of performance
DATION IN PAYMENT
33. D owes C the following debts: P 6,000.00 due on 12; P 6,000.00 due on June 15; P 6,000.00 due on June 18; and P 6,000.00 due on June
20. All debts are unsecured except the debt due on June 20which is secured by a pledge of D’s diamond ring to C. By agreement, the
benefit of the term on the 4 debts was granted to C. Assuming that D has P 6,000.00 on June 18 and is ready to pay C, which of the
following statement is CORRECT?
D MAY APPLY HIS PAYMENT OF P 6,000.00 TO ANY OF THE DEBTS DUE ON JUNE 12, JUNE 15 AND JUNE 18 SINCE THEY ARE ALL DUE AS OF JUNE 18
34. The offer made by the debtor to pay his obligation to his creditor
TENDER OF PAYMENT
35. Consignation alone without any tender of payment is sufficient in the following cases, EXCEPT
WHEN THE CREDITOR PRESENTS THE TITLE TO THE OBLIGATION FOR COLLECTION
36. M owes P 10,000.00. The obligation is evidence by a promissory note. Subsequently, P assigned the note to A, A to B, B to C, and C
back to M. The obligation is extinguished by:
CONFUSION
37. In order that condonation may extinguish an obligation involving a movable properly whose value exceeds P 5,000.00
IT IS SUFFICIENT THAT THE CONDONATION AND THE ACCEPTANCE ARE IN WRITING, EVEN A PRIVATE ONE.
38. Not requisites of legal compensation?
THAT THE DEBTS ARE PAYABLE AT THE SAME PLACE
39. Henry, husband, and Wilma, wife, are legally separated. By order of the court whi ch decreed the legal separation, Henry is obliged to
give a monthly support of P 10,000.00 to Wilma payable within the first five days of the month. Wilma owes Henry P 10,000.00 by way
of a business loan. On the other hand, henry has not yet given Wilma’s support of P 10,000.00 for this month. Both debts are already
due. Which statement is CORRECT?
WILMA MAY CLAIM COMPENSATION BUT NOT IN HENRY.
40. D owes C P 10,000.00 with F as guarantor. C on the other hand, owes D, P8,000.00. Both debts are already due but D is Insolvent.
C MAY COLLECT FROM G P 2,000.00 BECAUSE A GUARANTOR CAN SET UP COMPENSATION AS REGARDS WHAT THE CREDITOR OWES THE
PRINCIPAL DEBTOR
41. D borrowed P 50,000.00 from C. Subsequently, D proposed to C that T would assume his (D’s) debt. C accepted the proposal of D.
DELEGACION
42. Refer to recent situation. Assume also that on due date, T could not pay because of his insolvency which was in fact subsisting but was
not known for D or of public knowledge at the time that D delegated his debt.
C CANNOT HOLD D LIABLE BECAUSE HIS (D’s) OBLIGATION WAS EXTINGUISHED WHEN HE WAS SUBSTITUTED BY T.
43. D obliged himself to give 5 grams of “shabu” to C. Later, the parties agreed that D would instead give to C 5 sacks of rice. Which
statement is CORRECT?
THE NOVATION IS VOID BECAUSE THE ORIGINAL OBLIGATION IS VOID. HENCE, C CANNOT DEMAND THE DELIVERY OF FIVE SACKS OF RICE FROM D.
44. On July1, 2015, D obliged himself to give C P 50,000.00 if C will marry X on or before December 31,2015. The condition of the
obligation is
POSITIVE CONDITION
45. Refer to No 44. Statement I: The obligation of D is demandable if C marries X on or before December 31, 2015 – TRUE
Statement II: The obligation of D is extinguished if its already January 01, 2016 and C has not yet married X – TRUE
Statement III: The obligation of D is extinguished on December 2, 2015 if X dies on the said date and C has not yet married X -TRUE
Statement IV: The obligation is demandable if C marries X on January 01, 2016 – FALSE
46. On July 01,2015, D obliged himself to give C a specific car if C will not marry X on or before December 31,2015. The condition of the
obligation is
NEGATIVE CONDITION
47. Refer to No. 46. Refer to No 44. Statement I: The obligation of D is demandable if C marries X on January 01, 2016 – TRUE
Statement II The obligation of D is demandable on December 2, 2015 if X dies on the said date and D has not yet married X– TRUE
Statement III: The obligation of D is demandable if it is already January 01, 2016 and D has not yet married X -TRUE
Statement IV: The obligation is demandable if C marries X on December 2, 2015 – FALSE
48. D owes C P 5,000.00. T a third person and without any intention to be reimbursed by D, paid the debt without the consent of D. C
accepted the payment.
THE PAYMENT IS CONSIDERED VALID BECAUSE IT WAS ACCEPTED BY THE CREDITOR.
49. A mode of extinguishing obligations up to their concurrent amount when two persons are principal debtors and creditors of each
other
COMPENSATION
50. D owes C P 6,000.00. No date for payment was stipulated by the parties
C CAN REQUIRE D TO PAY AT ANYTIME
51. Under a contract executed on November 01, 2015, D obliged himself to give a specific horse to C on December 10,2015, C demanded
the delivery of the horse but D did not comply. The following day, the horse was struck by lightning and died instantly.
THE OBLIGATION OF D IS EXTINGUISHED BECAUSE THE LOSS IS DUE TO FORTUITOUS EVENT AND D WAS NOT IN DEFAULT
 52. Not Conditional Obligation
D TO PAY C P 5,000.00 AS SOON AS D HAS THE MEANS
53. Distinction between merger and compensation is that merger:
THE DEBTOR AND THE CREDITOR REFER TO ONLY ONE PERSON.
54. The passage of time as a mode of acquiring or losing a right including the extinguishment of an obligation
PRESCRIPTION
55. Legal compensation shall not be proper in three of the following cases EXCEPTION?
BANK DEPOSIT
56. D is a debtor of C for P 20,000.00. The debt is secured by a pledge of D’s diamond ring which is in C’s possession. Before the due date, C
voluntarily returned the diamond ring to D. Which was extinguished by the return of the ring?
THE PLEDGE OF THE DIAMOND RING ONLY
57. D promised to deliver specific horse to C on December 31, 2015, with the stipulation that he will give C 100 grams of ‘shabu’ as a
penalty if he fails to deliver the horse on the said date. Which obligation is VOID?
THE PENALTY ONLY
58. If two or more persons claims the same right to collect from debtor, the debtor’s appropriate remedy:
CONSIGNATION
59. The young and other products of animals, produces with the intervention of human labor
NATURAL FRUITS
60. D owes C the following debts: P 4,000.00 due on February 01; P 7,000.00 due on February 05; P 5,000.00 due on February 10 and
P4,000.00 due on February 20. By agreements of the parties, the benefit of the period was given to D. If today is February 14, and D
has not paid any of the said debts but is offering P 4,000.00 to C as payment today, to which debt may D apply the payment?
TO THE DEBT DUE ON FEBRUARY 1 OR FEBRUARY 20 AT HIS OPTION
61. Refer to preceding No. Supposing that when d gave the payment to C, D did not designate the debt to which the payment shall apply.
Neither did C indicate in the receipt that he issued to D which debt was being paid. Which debt is being paid.
TO THE DEBTS DUE ON FEBRUARY 1, FEBRUARY 5 AND FEBRUARY 10 PROPORTIONATELY AT P10,000.00, P1,750.00 AND P1,250.00 RESPECTIVELY
62. It is a mode of extinguishing of an obligation which has a two-fold function. One is to extinguishing an old obligation and the other to
substitute a new in its place
NOVATION
63. A, B and C are solidarily indebted to X for P 9,000.00. X is indebted to A for P 9,000.00. Both debts are due
THERE IS A LEGAL COMPENSATION UP TO P9,000.00
64. Refer to the same facts except that the debtors are jointly liable to X. As a result, which statement is INCORRECT?
THERE IS NO LEGAL COMPENSATION AT ALL
65. Concerning legal compensation
Legal compensation cannot take place if the debts have different due dates - FALSE
Legal Compensation may take place although the debts are payable at different places- TRUE
66. The absence of the stipulation on liability in case for fortuitous event is generally to the advantage of the
DEBTOR
67. A stipulation that demand shall not be required in order to make the debtor in delay is generally to the advantage of the:
DEBTOR
68. D borrowed P500,000.00 from C payable at the end of five years. Due to supervening extraordinary inflation, the value of the dedbt
fell to P250,000.00 on the date of maturity. How much must D pay C on the date of maturity?
P250,000.00
69. An obligation cannot exist without a contract- FALSE
A contract can exist without an obligation- FALSE
70. Obligations are immediately demandable EXCEPT
OBLIGATION WITH A CONDITION ANTECENDENT
71. When a third person pays the creditor without intending to be reimbursed and the debtor did not give his consent to the donation:
THE PAYMENT IS VALID AS TO THE CREDITOR WHO ACCEPTED IT
72. D owes C P30,000.00 due on April 01, 2015. C owes D P30,000.00 due on March 15, 2015. What kind of compensation may possibly
take place today is February 14, 2015.
VOLUNTARILY
73. D owes C P20,000.00 payable on or before March 31, 2015. C is obliged to pay D P20,000.00 on March 15, 2015. As a result, which
statement is INCORRECT?
C MAY CLAIM COMPENSATION ON MARCH 15,2015
74. Consignation, without any tender of payment, will release the debtor from liability in the following case EXCEPT
THE CREDITOR IS CAPACITATED TO RECEIVE PAYMENT

75. D borrowed P 10,000.00 C. On due date, C was already insane. Nonetheless, D gave C P10,000.00 to settle the debt. When C’s guardian
learned of the payment made by D, C was found to have only P3,000.00 left in his wallet and that he had lost P1,500.00in a gambling
game and used P 5,000.00 to by his food.
PAYMENT IS VALID ONLY UP TO P8,500.00
76. Not a feature of dacion en pago
THE DEDBTOR MUST BE INSOLVENT
77. Not a feature of payment by cession
THE DEBTOR IS TOTALLY RELEASED FROM HIS LIABILITIES
 78. Statement concerning facultative obligation is CORRECT?
THE RIGHT TO MAKE THE SUBSTITUTION BELONGS TO THE DEBTOR ONLY
79. D is indebted to C for P100,000.00. Which is already due. D offers to give a certified check to C to settle the debt
IF C REFUSES TO ACCEPT THE CHECK, D MAY REPLACE THE CHECK WITH 5,000 PIECES OF P20.00 BILL AND IF C REFUSE TO ACCEPT IT , D MAY
CONSIGN THE PAYMENT
80. The waiver of an action for fraud is valid in the case of
PAST FRAUD
81. D borrowed P50,000.00 from C. On due date, D offered to give his ring, his bracelet or his necklace in payment of the deft of five days
from the due date of the original obligation. C accepted the offer. Two days before the new due date, D’s ring was lost through his
fault.
D IS NOT OBLIGED TO PAY DAMAGED TO C FOR THE LOSS OF THE RING DUE TO HIS FAULT
82. Statement are presented:
Statement I: A quasi contract is an implied contract - FALSE
Statement II: There is no delay in obligations not to do.- TRUE

83. Statement are presented:

Statement I: Payment is still possible when two persons are debtors and creditors of each other.- TRUE
Statement II: payment is impossible when a person is both the debtor and the creditor of the same obligation- TRUE

84. D obtained loan of P1,000,000.00 from C. The debt, which is due on December 31, 2015, is secured by chattel mortgaged of D’s brand
new Toyota Innova van. On June 1, 2015, the van was swept away by flood waters at the height of Typhoon Olga and could no longer
be found
D’S OBLIGATION P1,000,000.00 BECAME DEMANDABLE ON JUNE 01, 2015, UNLESS HE GIVES ANOTHER SECURITY.
85. On January 01, 2015, D borrowed P500,000.00 from C with interest at 10% per annum. The loan obligation the interest are due on
December 31, 2015.
D MAY COMPEL C TO ACCEPT PAYMENT BEFORE DECCEMBER 31, 2015- INCORRECT
C MAY COMPEL D TO MAKE PAYMENT BEFORE DECEMBER 31, 2015 -INCORRECT
86. Refer to the facts in preceding number. Assuming that on due date, D has only P500,000.00 and he offers this amount to C who is
willing to accept it as partial payment.
THE PAYMENT SHALL BE APPLIED FIRST TO THE INTEREST AT P50,000.00. THA BALANCE OF P450,000.00 SHALL BE APPLIED TO THE PRINCIPAL;
HENCE, D STILL OWES C P50,000.00FOR THE RPINCIPAL WHICH WILL CONTINUE TO BEAR INTEREST
87. D obliged himself to give P50,000.00 to C if C does not fly to the moon.
THE OBLIGATION IS IMMEDIATELY DEMANDABLE
88. A, B and C are liable individual and collectively to X in the amount of P30,000.00. On due date, X demanded payment from A.
However, C is insolvent
X MAY COLLECT P30,000.00 FROM EITHER A AND B
89. Delia obtained a loan of P50,000.00 from Corazon payable on January 31. On January 25, Delia offered to deliver her diamond ring of
the same value on January 31 to Corazon to settle the debt. Corazon accepted the offer on the same dat. Thus, on January 31, Delia
delivered her diamond ring to Corazon. Which statement is INCORRECT?
DELIA’S LOAN OBLIGATION OD P50,000.00 WAS EXTINGUISHED ON JANUARY 31 WHEN SHE DELIVERED HER DIAMAOND RING TO CORAZON.
90. A, B and C are indebted to W, X, Y and Z in the amount of P24,000.00. In this case:
W CAN COLLECT P2,000.00 EACH FROM A, B AND C. THEN HE NEED NOT GIVE ANY AMOUNT TO X, Y AND Z
91. The principal of negotorium gestio does not apply:
WHEN THE PROPERTY OR BUSINESS IS NOT NEGLECTED OR ABANDONED – DOESN’T
WHEN THE OFFICUOUS MANAGER HAS BEAN TACITLY AUTHORIZED BY THE OWNER- DOESNT
92. Statement are presented:
Statement I: There is no delay in obligations not to do. -FALSE
Statement II: Delay is applicable only to the debtor never to the creditor. - TRUE

93. The obligation of a school to provide its student a safe and secure environment and an atmosphere conducing to learning is an
obligation arising from:
CONTRACT
94. When the debtors bind himself to pay as soon as he has the means:
THE OBLIGATION IS VALID, BUT THE CREDITOR MUST GO TO AND ASK THE COURT TO FIX THE PERIOD FOR THE PAYMENT OF THE OBLIGATION
95. M makes an interest-bearing promissory note amounting to P100,000.00 payable to the order of P. The back of the promissory notes
contains the following indorsements: P to A, A to B, B to C and C to H who is now in possession of the note. On due date, H goes to the
office of M to collect but he finds R who is trying to collect the amount on the note based on a power of attorney supposedly executed
in his favor by C. M is now confused on whom to pay. He is worried that the interest will keep on accruing if he does not pay. If you
were in the position of M, the safest thing that you will do is:
GO TO COURT AND DEPOSIT THE PAYMENT BY WAY OF CONSIGNATION
96. M obtained a loan of P50,000.00 from P. The loan is evidenced by promissory note executed by M with G signing as a guarantor of the
debt. P assigns the note to A, A to B, B to C and C to G. The assignment of the note to G extinguished:
ONLY THE GUARANTY
 97. D borrowed P200,000.00 from C. The debt is payable after 6 months and is secured by a chattel mortgaged on D’s growing crops. A
month before due date, the crops were completely destroyed by Typhoon Ondoy
C MAY NOW DEMAND IMMEDIATE PAYMENT OF THE LOAN UNLESS D FURNISHES ANOTHEER SECURITY
98. Void Obligation
D TO GIVE C P50,000.00 IF D WINS IN THE SWEEPTAKES D HAS NOT YET BOUGHT THE SWEEPTAKES TICKET
99. D owes C the following debts: P3,000.00 due on July 1, P5,000.00 due on July 6, P2,000.00 due on July 15 and P2,000.00 due on July 25.
If today is July 22 and D gives P2,000.00 to C but neither nor C indicated the debts to which the payment shall be applied to
TO THE DEBTS DUE ON JULY 1, JULY 6, AND JULY 15 PROPORTIONATELY AT P600.00, P1,000.00 AND P400.00 RESPECTIVELY.
100. Legal compensation will not take place if:
THERE IS CONTROVERSY OR RETENTION INVOLVING ONE OF COMMUNICATED COMMENCED BY THIRD PERSON AND COMMUNICATED IN DUE
TIME TO THE DEBTOR.
101. D borrowed P 50,000.00 from C. Not having sufficient cash to pay the debt, D proposed to pay the debt by giving his diamond ring. C
accepted the proposal and received the ring
D’S OBLIGATION IS EXTINGUISHED BY DACION EN PAGO
102. Donita owed Carmina P200,000.00. The loan is secured by a mortgaged of Donita’s lot. After a month Donita paid P20,000.00. Without
the knowledge of Donita, Teresa paid Carmina P200,000.00 believing that Donita still owned the amount of P200,000.00
TERESA CAN DEMAND P180,000.00 FROM DONITA AND IF DONITA CANNOT PAY, TERESA CANNOT FORECLOSED THE MORTGAGED ON THE LOT .
103. A, B and C are solidarily debtors of X in the amount of P60,000.00. A, however, was a minor at the time the obligation was constituted.
If X sues B, B will be liable to X for:
P40,000.00
104. A, B and C are solidarily debtors of X in the amount of P30,000.00. If A is insolvent, how much X collect from B?
P30,000.00
105. A, B, and C are joint debtors of W, X, Y and Z joint creditors, in the amount of P24,000.00. In this case W can demand:
P24,000.00 FROM A, P2,000.00 FROM B AND P2,000.00 FROM C
106. If there is concurrence of two or more creditors and/ or two or more debtors in one and the same obligation, the obligation is
presumed to be:
JOINT
107. Statement I: A stipulation that an obligation shall be paid in a currency other than Philippine legal tender is void – FALSE
Statement II: A cashier’s check is as good as cash; hence, it is a legal tender – FALSE
108. It transfers to the person taking the place of the creditor all the rights pertaining to the credit, either against the debtor or against
third person be they guarantors or possessors of mortgages
SUBROGATION
109. D owes C P20,000.00 with G as guarantor. C, on the other hand, owes D, P15,000.00. Both debts are already due but D is insolvent. In
this case:
C MAY COLLECT FROM G P5,000.0 BECAUSE A GUARANTOR CAN SET UP COMPENSATION AS REGARDS WHAT THE CREDITOR MAY OWE THE
PRINCIPAL DEBTOR.
110. D is obliged to give Object 1, Object 2, or Object 3 to C. The right of choice bas to which object will be delivered to C belongs to:
D ONLY
111. The obligation referred in the preceding number is:
AN ALTERNATIVE OBLIGATION
112. The obligation is extinguished in:
Statement I: Object 1 and Object 2 are lost through D’s fault and later Object 3 is lost through a fortuitous event
Statement II: Object 1 and Object 2 are lost through a fortuitous event, and later Object 3 is lost through D’s fault
STATEMENT 1 ONLY
113. One of the following is an obligation with a period with a suspensive effect
“I WILL GIVE YOU P5,000.00 PER MONTH AS SUPPORT BEGINNING JANUARY 1 OF NEXT YEAR”
114. The creditor has the right to the fruits of the thing from the time:
THE OBLIGATION TO DELIVER THE THING ARISES
115. Statement I: It may or may not happen – CONDITION
Statement II: It always refers to the future – PERIOD
Statement III: It may refer to a past event unknown to the parties – CONDITION
Statement IV: It merely fixes the time for the efficaciousness of an obligation – PERIOD

116. Obligations are demandable at once EXCEPT

AN OBLIGATION WITH A CONDITION ANTECEDENT
117. D obtained a loan of P30,000.00 from C with G a guarantor, c on the other hand, owes G P30,000.00. Both debts are due:
Statement I: If C sues D, D may successfully put up the defense of compensation because C owes G, D’s guarantor. – FALSE
Statement II: If C sues D, D may not put up the defense of compensation as to what C owes G – TRUE
Statement III: If D cannot pay and C sues G, G can put up compensation because C owes him P30,000.00 – TRUE
Statement IV: Both D’s debt to C and C’s debt to G are extinguished by legal compensation – FALSE
 118. Orlando bought his typewriter at the shop of Remigio for repair. Orlando mase several demands for the repair work to be done but
Remigio did not undertake the repairs. Eventually, Remigio returned the typewriter, unrepaired and with several parts missing:
Statement I: Orlando can have the type writer repaired by another repair shop with the repair cost thereof chargeable to Remigio
Statement II: Orlando can compel Remigio to undertake the repairs
Statement III: Orlando can ask for damages for the missing parts of the typewriter at the expense of Remigio

Which remedies may be availed by Orlando?

STATEMENT 1, STATEMENT 3
119. D is obliged to give his only car to C on December 01, 2014. On December 01, 2014, D did not deliver the car. The following day, armed
men forcibly took car from D’s garage.
D’s OBLIGATION TO GIVE THE CAR IS EXTINGUISHED
120. During the flood the properties of D were saved from destruction by C without the knowledge of D who was then away. C incurred
necessary and useful expenses in the act of saving D’s properties. For such expenses:
D MUST REIMBURSE C ALTHOUGH C ACTED WITHOUT THE CONSENT OF D
121. A, B and C are jointly liable to X in the amount f P12,000.00. On due date, X demanded payment from A, but A refuse to pay. How
much may X collect from B?
P4,000.00 WITHOUT ANY DAMAGES
122. Assume the same facts except A, B and C are solidarily liable to X in the amount of P12,000.00. on due date, X demanded payment
from A but A refuse to pay. How much may X collect from B?
P12,000 PLUS DAMAGES FOR DELAY
123. A, B and C jointly borrowed P3,000.00 from X. On due date, A was insolvent. How much may X collect from B?
P1,000.00
124. Assume the same facts except that the debtors are solidarily bound. How much may X collect from B?
P3,000.00
125. A, 17 years old, B, 25 and C, 30, jointly borrowed P6,000.00 from X. How much may X collect from B
P2,000.00
126. Assume the same facts except that the debtors are bound solidarily. How much may X collect from B?
P4,000.00
127. D is obliged to pay C P10,000.00 on or before June 15. C is obliged to pay D P10,000.00 on June 30. Who may claim compensation on
June 15?
NEITHER D NOR C
128. D is obliged to pay C P10,000.00 on or before June 30. C is obliged to pay D P10,000.00 on June 15. Who may claim compensation on
June 15?
D ONLY
129. D is obliged to deliver specific horse to C for entry in the derby. The day before the agreed date of delivery, the horse broke its right
front leg. While it could still walk, it can no longer run.
THE OBLIGATION IS EXTINGUISHED BECAUSE THE INJURY TO THE RIGHT FRONT LEG OF THE HORSE IS A PARTIAL LOSS THAT IS SO IMPORTTANT IN
THE RELATION OF THE OBLIGATION
130. D owes C P50,000.00. Subsequently, D proposed to C that T will assume his (D’s) debt. C accepted the proposal of D. This type of
novation which involves the substitution the debtor is known as:
DELEGACION
131. Assume also that on due date, T could not pay because of his insolvency which was in fact subsisting but was not known to D or of
public knowledge at the time that he delegated his debt
C CANNOT HOLD D LIABLE BECAUSE HIS (D’S) OBLIGATION WAS EXTINGUISHED WHEN HE WAS SUBTITUTED BY T
132. D owes C P30,000.00 due on June 20. C owes D the following debts: P15,000.00 due on June 2, P4,000.00 due on June 14, P6,000.00
due on June 16; and P3,000.00 due on June 18. On June 17, c assigned his right to X. C notified D of the assignment but D did not give
his consent thereto. On June 20, X may collect from D
P30,000.00
133. Assume the same facts except that when C made the assignment of his credit to X, C did not notify D about it. It was only June 20
when X went to D to collect that D learned of the assignment. In this case X may collect from D?
P2,000.00
134. D owes C P30,000.00 due on June 20. C owes D P14,000.00 due on June 15. On June 12, C assigned his rights to X. D consented to such
assignments without any reservation of his right to the compensation. On June 20, X may collect from D:
P20,000.00
135. In order for legal compensation to take place, two of the requisites are: that each one of the obligors be bound principally, and that he
be at the same time a principal creditor of the other, and the two debts must be due. In addition, following requisites must be present
except:
THAT THE DEBTS MUST HAVE THE SAME AMOUNT
136. In order that condonation may extinguish an obligation involving a movable property whose value exceeds P5,000.00
IT IS SUFFICIENT THAT THE CONDONATION AND ACCEPTANCE ARE IN WRITING, EVEN A PRIVATE ONE
 137. The obligation is not extinguished by reason of the loss of the thing through a fortuitous event in three following cases. Which is the
EXCEPTION?
WHEN THE OBLIGATION IS TO GIVE A DETERMINATE THING AND THE PARTIES HAVE NOT STIPULATED WHETHER OR NOT THERE SHALL BE LIABILITY
IN CASE OF FORTUITOUS EVENTS
138. D issued a promissory note payable to the order of C for a debt of P10,000.00 which bears interest at 2% per month. On due date, X
went to the place of D to collect the deb claiming that C assigned the note to him X, however could not present the promissory note
claiming that he had lost it. D wants to make a payment because he does not want the interest to accrue but he is at loss as to
whatever he would make payment to X. In this case, the course of action that you will advise to D to take is:
CONSIGNATION
139. D owes C the following debts: P4,000.00 due on May 01, P4,000.00 due on May 08, P4,000.00 due on May 15, P4,000.00 due on May
22, P4,000.00 due on May 29 and P4,000.00 due on June 15. The debts presented the price of magazines which were delivered to D on
a weekly basis. Of the 6 debts the one due on May 22 is secured by a pledge of D’s ring. By agreement, of the parties, C may demand
payment even before the due date of the debt. As of May 31, D had not paid any of the 6 debts. On May 31, D wanted to make
payment but he had only P4,000.00
D MAY APPLY THE PAYMENT TO THE DEBT DUE ON MAY 22 WHICH IS THE MOST BURDENSOME TO HIM.
140. Assuming that D did not designate the debt to be paid when he remitted the amount of P4,000.00 to C on May 31. C issued a receipt
for the payment he received from D but he did not also designate the debt that was being paid. In this case:
THE PAYMENT SHALL BE APPLIED TO THE DEBT DUE ON MAY 22, SINCE IT IS THE DEBT THAT IS MOST ONEROUS TO D
141. Statements concerning payment by cession are true, EXCEPT?
THE CREDITORS BECOME THE OWNERS OF THE PROPERTIES OF THE DEBTOR THAT WERE CEDED TO THEM
142. Following payment is not VALID?
PAYMENT MADE IN GOOD FAITH TO A PERSON IN POSSESSION OF THE INTRUMENT BUT NOT THE CREDIT
143. D obtained a loan of P10,000.00 from C who was in his right mind at the time he granted the load to D. On due date, D paid his loan of
P10,000.00 to C who had since become insane. Of the total amount received, C lost P4,000.00 and spent P6,000.00 for his food and
other necessary expense.
THE OBLIGATION IS EXTINGUISHED UP TO P6,000.00
144. Following payment is not VALID?
PAYMENT MADE BY THE CREDITOR TO THE PERSON IN POSSESSION OF AN ORDER INTRUMENT EVIDENCING THE CREDIT BUT SUCH PERSON IS
NOT THE INDORSE THEREOF.
145. D owes C P10,000.00. T offers to pay D’s obligation and tells D that D need not reimburse him. However, D does not give him consent
to T’s offer not to be reimburse. C, nonetheless, accepts the payment from T.
THE PAYMENT IS VALID INSOFAR AS C IS CONCERNED SINCE HE ACCEPTED THE PAYMENT
146. The delivery of promissory notes payable to order or other bills of exchange or other mercantile documents shall produce the effect of
payment when they are:
CASHED
147. A, B, and C are solidary debtors of X, in the amount of P30,000.00. C was insane at the time of obligation was constituted:
X MAY POSSIBLY COLLECT FROM A THE AMOUNT OF P10,000
148. Three of the following are the characteristic of a condition. EXCEPTION
IT MERELY FIXES THE TIME FOR THE EFFICACIOUSNESS OF AN OBLIGATION
149. D is obliged to give P50,000.00 to C if C tops the CPA Examination and a specific lot if C can reduce the taxes to be paid by D’s tax
return by unlawful means
C MAY DEMAND THE PAYMENT OF P50,000.00 IF HE TOPS THE CPA EXAMINATION
150. D promised to give P20,000.00 to C provided to C does not sign a contract with X on or before December 31, 2014. The condition of the
obligation is:
NEGATIVE
151. Refers to preceding number, which statement is incorrect?
D’s OBLIGATION IS EXTINGUISHED IF IT IS ALREADY JANUARY 1, 2015 AND C HAS NOT YET SIGNED THE CONTRACT WITH X
152. D is appointed C as his agent to purchase a parcel of land belonging to C if C can present to D the deed of absolute ale signed by X in
favor of D on or before December 31, 2014. The condition of the obligation is :
POSITIVE
153. Refers to preceding number, which statement is incorrect?
D’s OBLIGATION IS DEMANDED IF IT IS ALREADY JANUARY 1, 2015 AND C HAS NOT YET PRESENTED TO D THE DEED OF ABSOLUTE SALE DULY
SIGNED BY X
154. D was obliged to deliver a specific car to C on May 31, 2015. On such date, however, D failed to deliver the car. C also did not make any
demand for the delivery of the car
D WAS NOT IN DELAY WHEN HE FAILED TO DELIVER THE CAR ON DUE DATE
155. The kind of fraud which is renders a contract voidable is
CAUSAL FRAUD
156. D is obliged to repair the car of C. D failed to repair car despite the demands made by C. D wants to know from you which remedies
are available to him
Statement I: Compel D repair the car
Statement II: Have the car repaired by another person at D’s expense
Statement III: Demand payments for damages from D
STATEMENT 2, STATEMENT3
 157. D is obliged to deliver his only horse to C on May 31, 2014. C made a demand against D for the delivery of the horse on May 31, 2014.
However, D failed to deliver the horse. In view thereof, C consulted you and ask which of the following remedies are available to him?
Statement I: Compel d to deliver the horse to him
Statement II: Get a horse from another person at D’s expense
Statement III: Demand payment for damages from D
STATEMENT 1, STATEMENT 3
158. The palay harvested from the agricultural land is an example of:
INDUSTRIAL FRUIT
159. On January 1, 2014, D and C agreed that D would deliver to C a specific agricultural land on June 30,2014, D harvested palay from the
land worth P20,000.00. D actually delivered the land to C on September 30, 2014. At that time, crops valued at P15,000.00 that grew
beginning on July 1, 2014 remain unharvested. C had a personal right against D for the delivery of the thing and its fruits beginning to:
JULY 01, 2014
160. C acquired a real right over the thing and its fruits on:
SEPTEMBER 30, 2014
161. A, an agent of P, owes B P20,000.00. B, on the other hand, owes P, P20,000.00. Both debts are due:
NEITHER P, A NOR B MAY CLAIM LEGAL COMPENSATION
162. D borrowed P50,000.00 from C. The debt, which is payable within one year, is secured by a mortgaged what D constituted on his lot.
The mortgaged is recorded in the Registry of Property. C dies before the due date of the debt and was not able to collect any amount
of his loan receivable from D. He was survived by S, his only son and heir. D, taking advantage of the situation, sold the lot to T who
was not aware of the mortgaged constituted thereof.
S, SON OF C, HAS THE RIGHT TO COLLECT THE AMOUNT OF THE NOTE, FROM D AND FORECLOSE THE MORTGAGE IF D CANNOT PAY
163. D obtained a loan of P50,000.00 from C. The same is payable after 60 days. On due date, D, not having sufficient cash offered to give
either hi sing or his bracelet to C. C accepted the offer. Based on foregoing facts, which of the statements is INCORRECT?
THE RIGHT TO CHOOSE THE ITEM TO BE GIVEN BELONGS TO C
164. Statement I: Several prestations are due but all must be performed to extinguished the obligation
Statement II: If there are void prestations, the other prestations may still be valid, hence the obligation remains – ALTERNATIVE
OBLIGATION
165. D obtained a loan of P50,000.00 from C. The loan was evidenced by a promissory note executed by D which said nothing about the
transmissibly of the loan obligation or the right to collect it. A month before the due date of the loan, C died leaving S, his son as heir.
On due date, S presented the promissory note to D for payment, but D refused claiming the he owed C but not S.
D MAY NOT REFUSE TO PAY BECAUSE THE RIGHT OF C TO COLLECT WAS TRANSMITTED TO S WAS THE HEIR OF C NOTWITHSTANDING THE
ABSENCE OF AN AGREEMENT TO THAT EFFECT.
166. D is obliged to deliver 20 acks of “Dinorado” rice to C. The parties agreed that should D fail to perform his obligation as stipulated, D
will pay a penalty of P1,000.00. On due date, D made a delivery of 20 sacks of rice but each sack contained a mixture of “dinorado” rice
and another variety of lower quality. C discovered the fraud:
C MAY DEMAND THE PAYMENT OF THE STIPULATED PENALTY AS WELL AS DAMAGES ALTHOUGH THERE WAS NO STIPULALTION ON THE ALTTER.
167. D obtained a loan of P5,000.00nfrom C. On due date, D tendered payment amounting to P5,000.00 consisting of P5,000.00 pieces of
P1.00 coin.
C MAY DEMAND THAT HE BE PAID IN BILLS
168. D owes C P50,000.00. The obligation is secured of G and a real mortgage on D’s lot. Subsequently, without the knowledge of D, paid C
the amount of P50,000.00
G CAN GO AFTER D, TO COLLECT AND IF D CANNOT PAY, G CAN FORECLOSE THE MORTGAGE BECAUSE HE IS ENTITLED TO SUBROGATION.
169. One peso, P5.00 and P10.00 coins are legal tender up to:
P1,000.00
170. One centavo, P.05, P0.10 and P0.25 centavo coins are legal tender up to:
P100.00
171. All bills are legal tender up to:
ANY AMOUNT
172. Obligation is Void:
D AGREED TO PAINT THE PORTRAIT OF C IF D WILL ENROLL IN A PAINTING CLASS THIS COMING MONTH
173. Obligation is extinguished by loss in?
Statement 1:D is obliged to deliver a specific computer to C. Before the scheduled delivery, the computer was lost in a fire through no
fault of D.
Statement 2: D is obliged to deliver 10 sacks of rice to C. Before the scheduled delivery, the warehouse of D containing 500 sacks of
rice from which D, intended to get 10 sacks of rice for delivery to C, was razed in a fire together with the stock of rice through no fault
of D.
ONE ONLY
174. Condonation, the obligation is:
Statement 1: A condonation involving a debt of an immovable property which was embodied in a private instrument together with the
acceptance thereof.
Statement 2: A condonation involving a money debt of P6,000.00 made and accepted orally with the creditor making a simultaneous
delivery to the debtor of the promissory note evidencing the credit
NOT EXTINGUISHED IN EITHER 1 OR 2
 175. D received a check for P5,000.00 drawn against ABC Bank in payment of a debt due him. Upon chasing the check, D requested the
teller to give him 10 pieces of P500.00 bill and to place the money in a envelop. As he was in a hurry, D left the bank without bothering
to count the cash. Shortly, after reaching his office, D counted the money in a envelop and discovered that it contained 10 pieces of
P1,000.00 or an excess of P5,000
D MUST RETURN THE EXCESS OF P5,000.00 BECAUSE HE HAS THE OBLIGATION TO DO SO UNDER THE PRINCIPLE OF SOLUTIO INDEBITI
176. D a professional singer, agreed to sing for a fee of P20,000.00 at the birthday of C who was a fan of D, could not go to the party of C. So
he sent X, another professional singer who was known to sing better than D, to sing at C’s party, and informed C that the latter needed
to pay only P10,000.00
D MAY NOT VALIDLY ASSIGN HIS OBLIGATION TO SING BECAUSE IT IS PERSONAL IN NATURE
177. D is obliged to deliver either a specific bracelet, a specific necklace, or a specific ring to C. No mention was made in the agreement of
the parties as to who has the right of choice. Before due date, C wrote D informing the latter that he (C) preferred that the ring be
delivered to him. D received the letter but did not give any response to C. Subsequently, the ring was lost through a fortuitous event.
D’s OBLIGATION IS NOT EXTINGUISHED AS HE MAY DELIVER EITHER THE BRACELET OR THE NECKLACE
178. D is obliged to deliver a specific Toyota car to C. The parties agreed that should D so desire, he may deliver his only Lancer car to C as a
substitute. Before D could make any substitution, the Lancer car was damaged beyond repair through the fault of D.
D IS STILL OBLIGED TO DELIVER THE TOYOTA CAR TO C ON DUE DATE
179. D borrowed P50,000.00 from C. On due date, D did not have any money to pay the debt so he proposed to C that the latter accept the
ring to settle the debt. C accepted the proposal and received the ring. Immediately, after receiving the ring, C sold it to B. D’s
obligation to give P50,000.00 to C is extinguished by:
DACION EN PAGO
180. D obtained a loan of P500,0000.00 from C on January 01, 2014. The loan which D has the option of paying on or before December
31,2014 is secured by a building owned by D and bears interest of 1% per month. On June 30, 2014 the building was razed in a fire
without the fault of D
C MAY DEMAND IMMEDIATE PAYMENT OF THE LOAN FORM d ON JUNE 30, 2014 SINCE THE SECURITY THEREOF WAS LOST, UNLESS D GIVES
ANOTHER SCURITY
181. D owes C P60,000.00 which is due on January 10 and another debt of P12,000.00, which is due on January 20. Both debts are
unsecured and non-interest bearing and already due. D, however, has only P3,000.00 which he gives to C without informing C as to
which debt the payment shall apply. C also did not indicate on the receipt he issued to D to which of the two debts the payment shall
apply:
THE PAYMENT OF P3,000.00 SHALL BE APPLIED PROPORTIONATELY IN THE AMOUNT OF P1,000.00 TO THE DEBT DUE ON JANUARY 10, AND
P2,000.00 TO THE DEBT DUE ON JANUARY 20
182. A and B are joint debtors of W, X, Y, and Z solidary creditors in the amount of P20,000.00
W CAN COLLECT ONLY THE MAXIMUM AMOUNT OF P10,000.00 EACH FROM A AND B. IF W IS ABLE TO COLLECT P10,000.00 FROM A, W MUST GIVE
P2,500.00 EACH TO X, Y AND Z . IF W IS ABLE TO COLLECT P10,000.00 FROM B, W MUST GIVE P2,500.00 EACH TO X, Y AND Z.
183. Decoroso borrowed P50,000.00 from Collantes which Gualberto as guarantor. However, Collantes is also indebted to Decoroso in the
amount of P30,000.00. Both debts have become due. Collantes demanded payment from Decoroso but Decoroso has become
insolvent with the asset only P15,000.00 which he used in partial payment of his debts to Collantes
COLLANTED CAN HOLD GUALBERTO LIABLE FOR THE AMOUNT OF P30,000.00 ONLY BECAUSE THAT IS THE AMOUNT THAT COLLANTES OWES
DECOROSO
184. When two persons are claiming the same right to collect from you and you are in doubt to whom you will give your payment your
remedy so that you will not pay the wrong person
CONSIGNATION
185. A, B and C are liable to X in the amount P30,000.00. The debt is evidenced by a promissory note which reads “I promise to pay X or
order P30,000.00”. The note is signed by A, B and C. X indorsed the note to Y, Y to Z, and Z to A for merchandise Z bought from A.
THE OBLIGATION UNDER THE NOTE IS TOTALLY EXTINGUISHED
186. D is indebted to C in the amount of P100,000.00. The debt is secured by a mortgage of the lot of D and the guaranty of G. G without
informing D, paid the total amount of the loan to C.
G CAN COLLECT FROM D. IF D CANNOT PAY, G CAN FORECLOSE THE MORTGAGE
187. D, a depositor of ABC Bank, visited the branch of the bank at Espana Boulevard to withdraw from its automated teller machine (ATM).
After pressing correctly, the amount of P500.00 the machine dispensed 10 pieces of P500.00 or a total of P5,000.00. The receipt
released by the ATM showed that only P500.00 was withdrawn.
D MUST RETURN THE EXCESS OF P4,500.00 BECAUSE IT WAS A CASE OF PAYMENT THAT WAS NOT DUE.
188. Characteristic of Expromission but NOT Delegacion.
IT IS MADE WITH OR WITHOUT THE CONSENT OF THE DEBTOR.
189. D is indebted to C for P52,000.00. On due date, D tendered payment amounting to P52,000.00 which considered of the following: 47
pieces of P1,000.00 bills for a total of P47,000.00; and a 250 pieces of P20.00 bills for a P5,000.00. C refuse to accept the payment and
demanded that D makis his payment all in P1,000.00 bills were too bulky and inconvenient for him to carry.
D MAY CONSIGN THE PAYMENT SINCE THE REFUSAL BY C TO ACCEPT THE PAYMENT WAS NOT JUSTIFIED
190. Dacion en pago and payment by cession are special forms of payment. They are similar in which of the following respects.
ON THE PURPOSE OF THE PAYMENT
191. D owes C the following debts: P5,000.00 due on January 1; P7,000.00 due on January 5; P8,000.00 due on January 10; P10,000.00 due
on January; P10,000.00 due on January 15 and P5,0000.00 due on January 20. By agreement of the parties, D was given the benefit of
the period. As of January 17, D has not paid any of the debts. He has P5,000.00 which he wants to remit to C.
D MAY APPLY THE PAYMENT EITHER TO THE DEBT DUE ON JANUARY 1 OR JANUARY 20
 192. Facultative obligation EXCEPT?
THE DEBTOR MUST GIVE THE SUBSTITUTE IN CASE THE PRINCIPAL THING IS LOST DUE TO THE DEBTORS FAULT BEFORE SUBSTITUTION
193. D obtained a loan of P200,000.00 from C. Not having any cash due date when C visited him to demand payment, D offered to C to
accept, at C’s choice, either D’s necklace, diamond ring, or a parcel of land, all which D showed C. C accepted the proposal, but
requested that he be given one week to decide which item to take. Before the week was over, however, armed men forcibly took the
necklace and diamond ring from D’s house.
D’S OBLIGATION BECAME A SIMPLE OBLIGATION TO DELIVER THE PARCEL OF LAND
194. S, a supplier of fresh fish from Lucena City, hire T, the owner of a trucking company, for a fee of P3,000.00 to bring the fish catch of S to
the Dampa Market in Paranaque City which ordered the fish for a price of P20,000.00. In so far as S concerned, his prestation in his
contract with T is:
A PAYMENT OF P3,000.00
195. The contract between S and T:
BOTH S AND T ARE OBLIGORS AND OBLIGEES OF EACH OTHER
196. A, B and C are solidary debtors of X and Y for P30,000.00 joint creditors:
X MAY COLLECT P15,000.00 FROM THE DEBTORS BUT NOT MORE THAN P5,000.00 FROM EACH OF THEM. THEREAFTER, HE IS NOT OBLIGATED TO
GIVE ANY AMOUNT TO Y.
197. was cleaning the glass window of his building when a large piece of broken glass fell down directly hitting the roof of a car which was
parked below. C the owner of the car, was not around. Sensing that he would be made liable for the damage on the car, O
immediately went down and cleaned the mess. O seeing that W had witnessed all that happened, proposed to give W P2,000.00 so
that W would not testify in case a court case is filed. W agreed to the proposal and accepted the money. Based on foregoing facts,
which of the following statement is INCORRECT?
THE AGREEMENT BETWEEN O AND W IS BINDING ON BOTH OF THEM
198. A, B and C are obliged to deliver a specific horse to X, Y and Z.
IF A VALID DEMAND IS MADE AGAINST ALL THE DEBTORS BUT DEBTOR C CANNOT COMPLY WITH HIS PART OF THE OBLIGATION, THE OBLIGATION
IS CONVERTED INTO A MONETARY OBLIGATION TO PAY THE VALUE OF THE HORSE PLUS DAMAGES
199. A, B, and C are solidary debtors of X in the amount of P3,000.00. X renounces the share of A and A accept the renunciation. Thereafter,
B becomes insolvent. Ultimately:
A WILL SHOULDER P500.00 WHILE C WILL SHOULDER P1,500.00
200. A, B and C are solidary debtors of X, Y, and Z solidary creditors, in the amount of P2,700.00. X renounces the whole obligation without
the consent of Y and Z. The debtors accepted the renunciation
THE WHOLE OBLIGATION IS EXTINGUISHED
201. On May 31, 2014, D promise to give a specific house and lot to C if C passes the Bar Examination. On September 24, 2014, C took the
Bar Examination. The result of the Bar Examination which C took was released on March 26, 2015 and C passed it. C shall be entitled to
the house and lot:
ON MAY 31, 2014

A and B are indebted to X and Y for 10,000.00. A and B share in the debt in the ratio of 1:3; while X and Y share in the credit in the ratio of 2:3

202. How much may X collect from A if the debtors are joint debtors, while the creditors are joint creditors?
P1,000.00
203. How much may X collect form A if there is active solidarity?
P2,500.00
204. How much may X collect from A if there is passive solidarity?
P4,000.00
D owes the following creditors: X, P20,000.00; Y, P30,000.00; and Z, P50,000.00. D is insolvent so he offers to assign all his properties (except
those exempts from execution) to his creditors in payment of his debts. The creditors accept the offer and are able to sell the debtor’s
properties for P70,000.00. Based on the foregoing facts, which of the following statements is INCORRECT?

Leveriza, the owner of an apartment, leased the premises to Toribio. The terms of the lease provide for a monthly rental of P6,000.00 which
Toribio must pat at the residence of Leveriza about two blocks from the apartment. For the month of December, Toribio went to the residence
of Leveriza but the latter was not around to receive the payment. Not wanting to go back, Toribio left the payment with Nograles, neighbor of
Leveriza, who promised to give the payment of Leveriza. However, Nograles spent the amount he received for himself. Based on the foregoing
facts, which of the following statements is INCORRECT?

On December 01, 2014, Miss Santos a professor of Manila College, engaged the services of Lepanto Transport to bring her class to Calamba,
laguna in time for the Rizal Day celebration on December 30, 2014 which would start at nine o’clock in the morning. The contract signed by the
parties specified that a bus would be in the school premises at six o’clock in the morning and would leave at exactly 6:30 am. However, Lepanto
Transport failed to send bus on the date, time and place agreed upon. As a result, Miss Santos and her class failed to attend the celebration.
Miss Santos sued Lepanto Transport for damages on the ground of delay in the performance of the obligation. For its defense, Lapanto
Transport claimed there was no delay because Miss Santos never made a demand:

D owes C P20,000.00 due on March 15. C, on the other hand owes D the following debts: P8,000.00 due on March 01, P3,000.00 due on March 8,
P5,000.00 due on March 14. On March 12, C assigned his right to T with notice to D but with D bot giving his consent to the assignment. On
March 15, T can collect D:
D owes C P20,000.00 due on March 26. C, on the other hand owes the following debts; P8,000.00 due on March 01, P3,000.00 due on March 8,
P5,000.00 due on March 14 and P2,000.00 due on March 24. On March 18, C assigned his credit right to T without informing D who learned of
the assignment on March 20. On March 25, T can collect D:

D has a grains warehouse in Davao, while C has a grains ware house in Cebu. D borrowed 10 sacks of rice worth P10,000.00 from C for D’s
customer in Cebu. Later, C borrowed 10 sacks of rich which was also worth P10,000.00 from D for C’s customer in Davao. Both the obligations
are already due. Transport cost to Davao amount to P1,000.00, while those for Cebu amount to P800.00

Following statements pertains to NATURAL OBLIGATION, which one does NOT?

Prime Engineering Review Center (PERC) stated in the leaflets it distributed last January that any reviewee who places first in the licensure
examination for engineers this year will be received a cash prize of P150,000.00

Ace Realty Company (Ace) ordered 6 units of “Borden” typewriters from Central Office Machines at the price of P8,000.00 per unit. However,
Central delivered to Ace 6 units of “Remington” typewriters, a superior brand which was priced at P8,500.00 per unit. Central informed Ace that
it will bill the latter for the “Remington” typewriters at P8,000.00 only. Ace refuses to accept the “Remington” typewriter.

A, B and C are liable in solidum to X for P12,000.00 the share of A who accepted it. Late, B becomes insolvent.

Obligation with a term or period, EXCEPT