Quiz No. 3

1/10/2021 Quiz no.
Quiz no. 3 Total points 14/18
The respondent's email address (leianne.gatdula@college.cksc.edu.ph) was recorded on

submission of this form.
Whenever in an obligation a period is designated, it is presumed to have 1/1

been established for the benefit of : *
Third party
Both parties
Creditor
Debtor
It refers to a joint obligation: * 1/1
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.
https://docs.google.com/forms/d/e/1FAIpQLSfSQaJMCEFOqkqWHgSWVU1p-CBKJAw5RB9y4I6HPSmtsuaI7g/viewscore?hr_submission=ChkIid-E6O… 1/9
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
A entered into a contract with B by which A promised to deliver at price 1/1

stipulated in the contract. Such delivery is made on February 14, 2001
with penalty in case of default. In this case, no further demand by B on A
is necessary to consider A in delay because: *
time is of the essence of the contract
the obligation expressly so provides
the demand would be useless
Because the law expressly so provides
1/10/2021 Quiz no. 3
The debtor shall lose every right to make use of the period except: * 0/1
When he violates any undertaking in consideration of which the creditor agreed to

the period.
When the debtor attempts to abscond.
When after the obligations has been contracted he becomes insolvent, unless he
gives a guaranty or security for the debt.
When he does no furnish a guaranty or security for the debt.
Correct answer
When he does no furnish a guaranty or security for the debt.
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
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: *
with the resolutory period upon the debtor’s will.
with a condition dependent upon the debtor’s will.
with the suspensive period dependent upon the debtor’s will.
with the period to be fixed by court.
1/10/2021 Quiz no. 3
In a joint obligation, joint means any of the following, except * 1/1
proportionate
. Individually and collectively
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
Before June 30, 2014, Rex can demand payment
If on June 30, 2014 Ray is paying Rex, the latter can refuse the payment
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: *
P10,000 without interest
P10,000 with interest from May 1, 2013 to December 1, 2013
P10,000 with interest from May 1, 2013 to June 15, 2013
P10,000 with interest from June 15, 2013 to December 1, 2013
1/10/2021 Quiz no. 3
A owes B P150,000 due on October 31, 2013. A executed a mortgaged in 1/1

favor of B on A’s building to guaranty the obligation. On October 5, 2013,
the mortgaged building was totally lost due to an earthquake. On
October 18, 2013, B demanded payment from A. Is B’s demand valid? *
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? *
A, B and C could collect P25,000.00 from E and P75,000 from F.
A, B and C could collect P75,000.00 from E.
A, B and C could collect all the P25,000.00 from E.
A, B and C could collect P50,000.00 from E.
1/10/2021 Quiz no. 3
X and Y are solidary debtors of A, B, C and D, joint creditors to the 1/1

amount of P80,000. How much can A collect from X? *
A could recover P80,000 from X. A, in turn has to give to B, C and D P20,000 each.
A could recover P40,000 only from X.
A could recover P20,000 only from X
A could recover P80,000 from X. A, in turn does not have to give to B, C and D
P20,000 each
A, B, and C, solidary debtors, are obliged to give V, W, X, Y and Z, joint 1/1

creditors, P200,000.00 *
V may collect from C P50,000.00
1/10/2021 Quiz no. 3
In facultative obligation, the right of substitution belongs to: * 0/1
debtor
Third person
creditor
debtor but may be given to creditor by agreement of the parties
Correct answer
debtor
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1/10/2021 Quiz no.

Quiz no. 3 Total points 14/18

The respondent's email address (leianne.gatdula@college.cksc.edu.ph) was recorded on

Whenever in an obligation a period is designated, it is presumed to have 1/1

It refers to a joint obligation: * 1/1

A entered into a contract with B by which A promised to deliver at price 1/1

time is of the essence of the contract

the obligation expressly so provides

the demand would be useless

Because the law expressly so provides

When he violates any undertaking in consideration of which the creditor agreed to

When the debtor attempts to abscond.

When he does no furnish a guaranty or security for the debt.

When he does no furnish a guaranty or security for the debt.

with the resolutory period upon the debtor’s will.

with a condition dependent upon the debtor’s will.

with the suspensive period dependent upon the debtor’s will.

with the period to be fixed by court.

In a joint obligation, joint means any of the following, except * 1/1

. Individually and collectively

Before June 30, 2014, Rex can demand payment

P10,000 without interest

P10,000 with interest from May 1, 2013 to December 1, 2013

P10,000 with interest from May 1, 2013 to June 15, 2013

P10,000 with interest from June 15, 2013 to December 1, 2013

A owes B P150,000 due on October 31, 2013. A executed a mortgaged in 1/1

A, B and C could collect P25,000.00 from E and P75,000 from F.

A, B and C could collect P75,000.00 from E.

A, B and C could collect all the P25,000.00 from E.

A, B and C could collect P50,000.00 from E.

X and Y are solidary debtors of A, B, C and D, joint creditors to the 1/1

A could recover P40,000 only from X.

A could recover P20,000 only from X

A, B, and C, solidary debtors, are obliged to give V, W, X, Y and Z, joint 1/1

V may collect from C P50,000.00

V may collect from C P10,000.00

V may collect from C P40,000.00

V may collect from C P200,000.00

In facultative obligation, the right of substitution belongs to: * 0/1

debtor but may be given to creditor by agreement of the parties

This form was created inside of Chiang Kai Shek College.

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