Abucejo. Vincent Tito B. (2B) 1. May a notice of abandonment be made orally?

a) No, because it must always be made in writing b) No, because it violates the prescribed form of notice of abandonment c) Yes, because a notice of abandonment may be made orally or in writing d) Yes, provided a written notice thereof is given within 7 days 2. After more than of the value of the property insured was actually lost, the insured gave a notice of abandonment to the insurer specifying the particular cause of abandonment. Was there a valid notice of abandonment? a) No, because the insured failed to accompany the same with proof of interest of loss b) No, because it has not yet been accepted by the insurer c) Yes, because a notice of abandonment need only to show probable cause d) None of the above 3. Is acceptance of abandonment by the insurer indispensable for the recovery of total loss? a) No, because the insured will always recover total loss b) No, because the insured can recover total loss so long as the requisites of a valid abandonment are complied with c) Yes, because like any other contract, acceptance is necessary for its perfection d) Yes, because abandonment would have no effect 4. What is NOT an effect of acceptance of abandonment? a) Abandonment upon acceptance is absolutely irrevocable

b) abandonment upon acceptance is irrevocable unless the ground upon

which it was made proves to be unfounded c) acceptance of abandonment is conclusive upon the parties d) Acceptance is an admission of the loss and the sufficiency of the abandonment 5. The expenses under a Sue and Labor Clause a) Actual expenses

b) Necessary expenses c) Port of refuge d) Marine Insurance liability