Professional Documents
Culture Documents
MONDAY
MAY 4, 2021 6 PM TO 8 PM
INSTRUCTIONS
1. This Questionnaire contains SIX (6) pages including this page. Check
the number of pages and their proper sequencing.
Read each question very carefully and type your answers in a TIMES NEW
ROMAN font size 14 in the same order as the questions. OBSERVE
PROPER MARGIN. Note well the allocated percentage points for each
question or sub-question. In your answers, use the numbering system in the
questionnaire.
2. Answer the questions legibly, clearly, and concisely. Start each answer
on a separate page. An answer to a sub-question under the same number
may be written continuously on the same page and the immediately
succeeding pages until completed.
I.
2
Despite the expiration of the said period, the SPOUSES failed to
surrender possession of the premises in favor of MABUHAY. This
prompted MABUHAY to file an ejectment case against them in the
City Court of Digos. This action was however dismissed on the
ground that MABUHAY was not the real party in interest, not
being the owner of the building.
Yes, the deed of assignment is Void for it partakes of the nature of pactum
commisorium. Clearly the stipulation in the subject deed provided for the
automatic appropriation of the subject property should the spouses fail to
pay their obligation to MABUHAY.This practice is clearly prohibited under
the Civil Code and under jurisprudence. What should have been done
instead by Mabuhay is to cause the execution of a Dation en Pago which is
not prohibited or it should have caused an execution of a Real estate
mortgage and later on foreclose the subject property.
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II
The owner of the real property shall only gain only back the possession of it
upon the termination of the subject contract or upon the non-payment of the
creditor of the necessary expenses for instance a tax to such property. In the
first case those causes for the extinguishment of contract could take place
but for the latter it is the preference of the creditor that shall the re-entry of
the debtor to such property possible.
b. When will the obligation of the guarantor not attach even if the
debtor failed to pay the loan? Explain fully. ( 5 pts.)
If the creditor fails to exhaust all available remedies to him. It is
only upon his failure to have the other properties and creditor liable that he
may be allowed to proceed to the guarantor.
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III
Upon failure by the buyer to make any installment payment, the seller
cancelled the contract to sell relying on the automatic cancellation
clause stated in the Contract. In a letter sent to the buyer, the seller
notified the buyer of the cancellation of the Contract.
Later on, the buyer remitted certain amounts to the seller and they
executed a new contract to sell but eventually, the buyer still defaulted
in paying the amortizations.
Later on, the buyer assails the resolution of the contract to sell, stating
that it was invalid for failure to comply with the provisions of the
Maceda Law. Rule on the matter. ( 5 pts.)
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IV
a. The rule that contracts are binding only between the parties, their
assigns, heirs is absolute. The rule has no exceptions. ( 5 pts. )
FALSE. The law admits several exceptions such as but not limited to: (1)
Where parties so stipulate (2) In case of Stipulation Pour Autrui.
TRUE. By direct stipulation under the Civil Code waiver for liability
for fraud is really void, what is only allowed is only the agreement to
modify the level of diligence required.
e. A condonation of a debt is a formal contract. ( 5 pts.)
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V.
a. What are the remedies available to the aggrieved party if the other
contracting party committed fraud? Explain fully. ( 5 pts.)
The defrauded party may ask for rescission of the contract or specific
performance. In either case there must be award for damages. Moreover
according to the Civil Code the power to rescind is implied in reciprocal
ones.
In case the party would ask for specific performance but the prestation can
no longer be fulfilled or delivered rescission could still be availed.
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compel each other to observe the form is intended for convenience of the
contracting parties.
As to grounds, the former can take into account inadvertence of a third party
in drafting an instrument, or even a mistake in drafting such instrument.
While in the latter the ground would merely for convenience such as when a
buyers would like to register the property in their name to cause the issuance
of a Transfer certificate of title.
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VI
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VII
Those entered by guardians for their ward where the latter suffers
more than ¼ of the value of the subject property.
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Under the Recto Law the following are the three remedies available:
- Demand fulfillment of the obligation
- Demand Cancellation of the obligation or a rescission provided
that the requisites are followed.
- Foreclose the mortgage there was any mortgage constituted.
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VIII
a. Angel came to you and asks for your legal advice. Give your legal
advice. These are the facts.
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-NOTHING FOLLOWS-
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