Union Christian College

City of San Fernando, La Union

SCHOOL OF BUSINESS SCIENCES

SEATWORK 1

Name: _________________________________________ Rating:

__________
Course/Yr./Time: _______________________________ Score:
__________

Instruction: Submit your OUTPUT on or before 1:00 PM on February 3, 2024.

1. Define Conditional Obligation

2. Meaning of Condition

3. Characteristics of Condition

4. Two Principal Kinds of Condition

a. Define Suspensive Condition – Give Example

b. Define Resolutory Condition – Give Example

5. Give three (3) distinctions between suspensive and resolutory conditions.

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6. Meaning of Period – When?

7. What are the Effects of happening of a Period

8. What are the Classifications of Conditions

9. What are the RULES IN CASE OF LOSS, DETERIORATION, OR

IMPROVEMENT OF THE THING TO BE DELIVERED DURING THE
PENDENCY OF A SUSPENSIVE CONDITION

10. WHEN will the DEBTOR LOSES HIS RIGHT TO MAKE USE OF THE PERIOD?

11. Define JOINT OBLIGATION. Give one Example.

12. Define SOLIDARY OBLIGATION

13. When would an obligation become SOLIDARY. Give the rules.

14. Define DIVISIBLE AND INDIVISIBLE OBLIGATIONS. Give examples.

15. What are the RULES IN CASE OBLIGATION HAS A PENAL CLAUSE.

Prepared by;

Atty. McDobet P. Quinagon, CPA - Instructor