True or False. If your answer is true, explain why it is true.

If your answer is false, rectify or

restate the false statement to make it true.

1) If the creditor had issued a receipt to the debtor covering the principal obligation, without
reservation as regards the interest due, there arises a conclusive presumption that the interest
had already been paid by the debtor.
Answer: True
Article 1176 states that the receipt of the principal by the creditor, without reservation with
respect to the interest, shall give rise to the presumption that said interest has been paid.

2) If the creditor had issued a receipt to the debtor acknowledging payment of a later installment
(of a specific debt) without reservation as regards prior installments, there arises a rebuttable or
disputable presumption that the prior installments had already been paid.
Answer: True
Article 1176 states that the receipt of a later installments of a debt without reservation as to prior
installments, shall likewise raise the presumption that such installments have been paid.

3) Accion Paulina is an action where the creditor whose claims had not been fully satisfied, may
go after the debtors (third persons) of the defendant-debtor.
Answer: False
Accion Sobrogatoria is an action where the creditor whose claims had not been fully satisfied,
may go after the debtors (third persons) of the defendant-debtor.

4) As a rule, rights are transmissible.

Answer: True
Article 1178 states that. Subject to the laws, all rights acquired in virtue of an obligation are
transmissible, if there has been no stipulation to the contrary.

5) Condition is an event which is future or uncertain upon which the existence or extinguishment
of an obligation is made to depend.
Answer: True
Condition is exactly what it means in the above sentence.

6) The death of a living person is a condition or period. It is a future event.

Answer: True
Death is an event that is in the future and uncertain.

7) A pure obligation is one which does not contain any condition or term.
Answer: True
A pure obligation doesn’t have a condition or term upon which its fulfillment is made to depend

8) A conditional obligation is that kind of obligation which is subject to a future and uncertain
event upon which the existence or extinguishment of an obligation is made to depend.
Answer: True
A conditional obligation is the kind of obligation which is subject to condition.

9) In conjunctive conditions, there are several conditions in an obligation and all of which must
be performed or fulfilled.
Answer: True
Conjunctive conditions are when there are several conditions in an obligation and all of which
must be performed.

10) When the debtor binds himself to pay when his means permit him to do so or as soon as he
has money or as soon as possible, the obligation is deemed with a period or term.
Answer: True
Article 1180 states that when the debtor binds himself to pay when his means permit him to do
so, the obligation shall be deemed to be one with a period, subject to the provisions of Article
1197.