1. Which of the following is not a requisite of payment by cession?

a. One debtor and two or more creditors

b. The debtor is insolvent
c. The creditors become owners of the properties assigned to
them
d. The creditors are authorized to sell the properties of the
debtor

2. Which of the following is not a requisite of Dation in payment?

a. One debtor and two or more creditors
b. The debtor is insolvent
c. The creditors become owners of the property used as
payment;
d. Acceptance of the creditor is not necessary

3. D obtained a loan from C payable on or before December 31, 2002.

Which of the following statements is correct?
a. Can only pay the obligation on December 31,2002
b. Can demand payment from D on before December 31, 2002
c. Can demand payment from D even before December
31,2002
d. D can pay on before December 31,2002

4. The obligation of Pedro in favor Juan amounts to Php 30,000.00

payable on May 5,2002. On April 15, 2002 Ciriaco and Pedro
agreed that Ciriaco will pay the obligation of Pedro. Juan gave
his consent to the said agreement .The change of debtor is
called?
a. Substitution b. expromission c. subrogation d. delegacio

5. X issued a promissory note to A amounting to Php 10,000.00. A

purchased a computer from B and he indorsed the note to B. B
indorsed the promissory note to C in payment of his loan .C
indorsed the said promissory note to X as payment for the repair
of his car .The obligation of X in this case is extinguished by:
a. Novation
b. confusion or merger of rights
c. compensation or merger of rights
d. condonation or remission of rights

6. D has an obligation to deliver his dog to C on October 16, 2001.

On October 10, 2001, the said dog gave birth to seven puppies.
On October 16, 2001, D failed to deliver the said dog .Who shall
be the owner of the dog on October 16, 2001?
 a. C because that it the agreed date of delivery
b. D because the dog is still in his possession;
c. C because he has the right to demand its delivery
d. D because the delivery of the dog is dependent upon his
will

7. When the obligor binds himself to pay when his means permit
him to do so, the obligation is:
a. conditional b. facultative c. pure d. with a
period

8. A obtained a loan from B in the amount of Php 10,000.00

payable on December 31,2002 plus 10% interest. A won in
the lotto and on March 30, 2002 he offered to pay his loan to B
plus Php1,000.00 as interest but B refused to accept his
payment. Which of the following statement is correct?
a. A can file a consignation in court because B refused to
accept his payment without justifiable cause.
b. B can compelled to accept the payment if the interest will
be increased
c. B must accept the payment because it is complete
d. A cannot compel to B to accept his payment because the
loan is not yet due.

9. D has the obligation to give a two-year black male dog to C on

April 30,2002.On April 2,2002, all of the dogs of D were hit by
lightning and they all died. Therefore:
a. The obligation of D to C is extinguishedc
b. C can only demand for damages from D
c. D must still gave the two year old black male dog to C.
d. C can demand for the dog plus damages

10. In alternative obligation, the right of choice belongs to:

a. The creditor
b. Both creditor and debtor
c. The debtor
d. Third person