Define: 1. Excussion - (Art. 2058) 2.

Pactum Commissorium - a provision in a mortgage agreement where the property pledged or mortgaged by the debtor automatically becomes the property of the creditor in the event the debtor fails to pay the debt or commits a breach of the loan. (see Art. 2088; de leon) 3. Sequestration - (Art. 2005) 4. Guaranty - (Art. 2047) 5. Fungible - are those which are usually dealt with by number, weight, or measure such as rice, oil, sugar, etc. so that any given unit or portion is treated as the equivalent of any other unit or portion. (Art. 1953) - those that belong to common genus which includes several species of the same kind - if the intention is to allow a substitution of the thing given 6. Non- fungible - those that are specifically determined and cannot be substituted by others; ex. land, buidling... - if the intention is to compel a return of the identical thing given 7. Bailor - the giver; the party who delivers the possession or custody of the thing bailed 8. Bailee - the recipient; the party who receives the possession or custody of the thing thus delivered

MCQ 1. pki post nlng who ever heard this part. haha 2. instances considered as precarium - (Art. 1947) 3. compare mutuum & commodatum - (Art. 1933) 4. compare antichresis & usufructuary 5. what comprises the indemnity which the debtor must pay? - (Art. 2066) 6. Assume the settlement of the obligation was without the prior consent of the debtor, what is the consequence? (Art. 2068, 2070) 7. what are the obligation of the depositary if the thing deposited was delivered closed & sealed? (Art. 1981) 8. what are the rights of hotel keepers & guests? (Art. 1996-2004)