11.

If the proceeds of sale is more than the obligation, the creditor is

entitled to the excess unless otherwise stipulated. While if it is less, the
creditor cannot recover the deficiency even if there is stipulated. This is
applicable to?
A. Pledge C. Real estate mortgage
B. Chattel mortgage D. Mutuum

12. Ansel promised to give Balba a particular diamond ring if the latter
will pass the October, 2019 CPA Licensure Examinations. Before the date
of examinations, Ansel pledged the ring to Carra to secure a loan. Balba
passed the CPA examinations
A. Balba may get the diamond ring from Carra even if the debt is not yet
due.
B. Balba can never claim the diamond ring rom Carra because he is not
the owner of the ring.
C. Balba may get the diamond ring upon payment of the debt to Carra.
D. Baiba can only claim the diamond ring from Ansel because Carra is
not a party to their agreement. 

13. In sale of the thing pledged at public auction, which of the following
statement is not true?
A. The sale of the thing pledged extinguishes the obligation
B. The pledgor or owner has a better right if he should offer the same
terms as the highest bidder.
C. If the price of the sale is less, the pledgee is entitled to recover the
deficiency.
D. If the price of the sale is more than the principal, interest and
expenses, the pledgee may not be entitled to the excess.

14. Effect of sale on the thing pledged if it is less than the principal
obligation
A. Creditor cannot recover the deficiency unless there is stipulation.
B. Creditor can recover the deficiency.
C. Creditor cannot recover the deficiency even if there is stipulation.
D. Creditor can recover the deficiency even if there is no stipulation.
E. None of the above
REASON FOR YOUR ANSWER, in your own words. NO REASON, WRONG
ANSWER. (10 points).
.Write your answer after number 70. 
15. Anton, a minor sold his ring to Beth for P4,000. Later Beth borrowed
P6,000 from Candy and as security pledged the ring to Candy. Beth failed
to pay Candy and the latter foreclosed the pledge, sold it at public
auction for P5.000 to Xyza. As a result-
A. The title of Beth is not valid, therefore the pledge of the ring to Candy
is also not valid because in pledge, the pledgor must be the owner. 
B. The deficiency of P1,000 cannot be recovered by Candy from Beth.
C. The deficiency of P1,000 can be recovered if there is stipulation to
that effect.
D. If Xyza is in bad faith (has knowledge that Anton, the original owner, is
a minor) ownership will not pass to her.