REVIEWER BL 14

1. By the contract of loan, one of the parties delivers to another, either something not
consumable so that the later may use the same for a certain time and return it, in which
case the contract is called
a. Commodatum
b. Mutuum
c. Loan application
d. Deposit

2. Effect of sale on the thing pledged if it is less than the principal obligation.
a. Creditor cannot reciver the defiociency even if there is stipulation.
b. Creditor can recover the deficiency if there is stipulation.
c. Creditor cannot recover the deficiency.
d. Creditor can recover the deficiency

3. A contract of real mortgage shall cover the following, except:

a. Natural accessories
b. The property mortgaged
c. Improvements
d. Growing fruits

4. ______ may be defined as a relation which exists where one person (principal or obligor)
has undertaken an obligation and another person is also under a direct and primary
obligation or other duty to a third person, who is entitled to but one performance, and as
between the two who are bound, the one rather than the other should perform.
a. Guaranty
b. Guarantyship
c. Suretyship
d. Surety

5. _______ includes pledge and mortgage because the purpose of guaranty may be
accomplished not only by securing the fulfilment of an obligation contracted by the principal
debtor through the personal guaranty of a third person but also by furnishing to the creditor
for his security, property with authority to collect the debt from the proceeds of the same in
case of default.
a. Depositary
b. Mutuum
c. Guaranty
d. Suretyship

6. A right by a person to hold a thing for the fulfilment of his claim; a pledge made by
operation of law
REVIEWER BL 14

a. Pledge
b. Pledge
c. Legal pledge
d. Pledgor