Legal Aspects of Tourism-Exam-Midterm

LEGAL ASPECTS OF TOURISM
MIDTERM EXAM
Name: _________________________________ Date: __________________
Year And Section: DHRT - __________ Total Points : ___________
TEST I. Read the statement carefully and write your answers on the space provided.
1. A _________ is an association of two or more persons to carry on as co-owners of a business for profit.
2. ___________composed of general partners where liabilities extend to their personal properties.
3. ___________ knonws as the law which governs the creation of private corporations is Batas Pambansa Blg.
68,.
4. A ___________ has no right of succession, while a corporation has such right.
5. _____________ is the prime agency of government responsible for the pursuit of the State’s foreign policy
and the nerve center for a Foreign Service.
TEST II. Acronym. Give the meaning of the following.
1. PCVC – 6. LTO -
2. PAGCOR- 7. TEZA -
3. NEDA- 8. LTRFB -
4. DENR – 9. NPF
5. DOLE -
TEST III. Give what is being asked.

Advantages of forming a partnership: 7. _______________________
1. _______________________ 8. _______________________
2. _______________________ Classification of partnership
Disadvantages of forming a partnership: 9. ___________________________
3. _______________________ 10. __________________________
4. _______________________ The DOT has the following major functions
Kinds of Corporation 11. __________________________
5. _______________________ 12. __________________________
6. _______________________
TEST IV. Matching type. Match cplumn A to column B write your answer on the space provided.
_____1. Presidential Decree No. 1616 (April 10, 1979) A. creating the Philippine Economic Zone
Authority (PEZA) was enacted on July 25, 1994
_____ 2.RepublicActNo.7916 B. the National Museum has now been detached

from the National Commission of Culture and
Arts and has now been placed solely for
budgetary purposes under the Office of the
President.
_____ 3. Republic Act 8492 C. has declared certain sites, churches and
places as national shrines, monuments, and/or
landmarks, and placed their preservation,
restoration and/or reconstruction.
_____ 4. Presidential Decree No. 260 dated August 1, 1973 D. creating The Intramuros Administration was
created charged with such vital role and
responsibility.
_____ 5. . Presidential Decree No. 520 issued on July 23, 1974 E. empowers the Bangko Sentral ng Pilipinas
(formerly Central Bank of the Philippines).
TEST V. Application of the Law.Read the case and answer the questions concisely.
1. Case: Sometime in June 1986, Fernando Sandoval and Naomi Reyes were introduced to each other by Mely Ziobal
regarding a lending business venture proposed by Naomi. It was verbally agreed that Fernando will act as financier while
Naomi and Mely take charge of solicitation of members and collection of loan payments. The venture was launched on
June 13, 1986, with the understanding that Fernando would receive 70% of the profits while Naomi and Mely would earn
15% each. In July 1986, Naomi introduced Cesar Santos to Fernando. Cesar Santos, as Chief Financial Officer of
Discovery Hotel and Suites, Inc. sought short-term loans for the members of the corporation. In this regard Fernando
Sandoval and Cesar Santos executed an agreement providing funds for the members of Discovery Hotel and Suites. Under
the agreement, Discovery Hotel and Suites, represented by Cesar Santos, was entitled to Php 1.31 commission per
thousand paid daily to Fernando Sandoval. Naomi kept the books as representative of Fernando Sandoval in doing
business for Discovery Hotel and Suites. Fernando Sandoval and Naomi Reyes later discovered that their partner Mely
engaged in the same lending business in competition with their partnership. Mely was thereby expelled from the
partnership.
1) Who are the partners in the lending business venture? How are they classified?
2) Was Fernando and Naomi correct in expelling Mely from the lending business venture?

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LEGAL ASPECTS OF TOURISM

TEST II. Acronym. Give the meaning of the following.

TEST III. Give what is being asked.

_____ 2.RepublicActNo.7916 B. the National Museum has now been detached

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