Quiz No. 3
Quiz No. 3
Quiz No. 3
Third party
Both parties
Creditor
Debtor
one in which the obligation of one is a resolutory condition of the other, the non-
fulfillment of which entitles the other party to rescind the contract.
one in which each debtor is liable for the entire obligation, and each creditor is
entitled to demand the whole obligation.
one in which either one of the parties is indispensable and the other is not
necessary.
One in which each of the debtors is liable only for a proportionate part of the
debt and each creditor is entitled only for a proportionate part of the credit.
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1/10/2021 Quiz no. 3
When the fulfillment of the condition depends upon the sole will of the 1/1
debtor, the conditional obligation shall be:
Valid
Voidable
Void
Rescissible
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1/10/2021 Quiz no. 3
The debtor shall lose every right to make use of the period except: * 0/1
When after the obligations has been contracted he becomes insolvent, unless he
gives a guaranty or security for the debt.
Correct answer
Option 1
100. A, B and C are joint debtors of joint creditors, W, X, Y and Z in the 0/1
amount of P300,000. How much can W and X collect from B? *
P75,000
P 100,000
P 25,000.00
P 50,000
Correct answer
P 50,000
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1/10/2021 Quiz no. 3
105. X is obliged to give Y a specific car on July 15, 2000. X did not 1/1
deliver the car on July 15, 2000. On July 20, 2000, an earthquake
destroyed the building where the car was parked and the car was
destroyed. Is X still liable? *
No, considering that no demand to deliver was made by Y and the specific thing
was lost due to fortuitous event, hence the obligation is extinguished.
No, the obligation is extinguished, even if the debtor is already in default, because
the debtor can plead impossibility of performance.
Yes, the creditor can instead demand for a substitute of equivalent value from the
debtor.
Yes, X is already in legal delay, thus the obligation to deliver the lost specified thing
is converted to monetary claim for damages.
Option 1
When the Debtor binds himself to pay when his means permit his to do 1/1
so is one: *
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1/10/2021 Quiz no. 3
proportionate
pro-rata
mancomunada simple
Where two or more prestations have been agreed upon, and all of them 1/1
must be performed, the obligation is *
Distibutive
Facultative
Alternative
. Conjunctive
Ray signs a promissory note and binds himself to pay Rex P100,000 plus 1/1
15% per annum interest on June 30,2014. *
Because the period is for the benefit of the debtor and creditor, Rex can refuse
any tendered payment before June 30, 2014
Ray can compel creditor Rex to accept payment before June 30, 2014
If on June 30, 2014 Ray is paying Rex, the latter can refuse the payment
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1/10/2021 Quiz no. 3
D is obliged to give C a specific ring. The parties agreed that D may give 0/1
a specific bracelet as a substitute. Which of the following is true? *
If the ring is lost through the debtor’s fault after substitution, the debtor shall pay
damages.
If the bracelet is lost through a fortuitous event before the substitution, the
obligation is extinguished.
If the ring is lost through a fortuitous event after substitution, the obligation is
extinguished.
If the ring is lost through a fortuitous event before substitution, the obligation is
extinguished.
Correct answer
If the ring is lost through a fortuitous event before substitution, the obligation is
extinguished.
XYZ are jointly and severally liable to Andrew for P30,000 which matures 1/1
on June 15, 2013. On May 1, 2013, X paid Andrew for the whole amount of
the debt. If on December 1, 2013, X will be reimbursed by Y, the latter will
be liable for: *
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1/10/2021 Quiz no. 3
Yes. The debt becomes due at once because the period’s benefit is given solely to
the creditor thereby giving the creditor the right to demand performance even before
the due date.
No. The mortgage was extinguished because the object of the contract was lost
through a fortuitous event.
No. The obligation is one with a definite period, thus the creditor cannot demand
fulfillment of the obligation before it due.
Yes. The debt becomes due at once because the guarantee was lost even though
through a fortuitous event, unless the debtor can mortgage another property that
is equally satisfactory.
A, B, C and D are joint creditors of E and F, solidary debtors in the amount 1/1
of P100,000.00. How much can A, B and C collect from E? *
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1/10/2021 Quiz no. 3
A could recover P80,000 from X. A, in turn has to give to B, C and D P20,000 each.
A could recover P80,000 from X. A, in turn does not have to give to B, C and D
P20,000 each
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1/10/2021 Quiz no. 3
debtor
Third person
creditor
Correct answer
debtor
Forms
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