Professional Documents
Culture Documents
Program of Examination: Board shall issue a program for every scheduled not later
than 20 days before the first day of examination
Ratings: Must obtain an average of 70% in all subjects with no rating of 50% in any of
the subjects
Re-examination: 3 failures shall be allowed to take another examination only after the
lapse of 1 year from the date of the last examination.
*Full Computerization of Examination: Board members shall prepare at least 500 test
questions and shall replenish within 60 days from the release of the result of the
examination with at least 300 test questions every after exam until the bank has
reached a total of 2000 questions.
Section 21-22:
● Yes required and Oath Taking.
● 3 years validity ng license.
● expiration ng license ay sa bday on the 3rd year of validity.
● Renewal Requirements: 45pts CPE(Continuing Professional Education) Points +
Renewal Fee
Requisites of an obligation:
1. Vinculum - the link that binds the parties
2. Prestation - giving, doing or not doing something
3. Active/ oblige/ creditor - person who holds the right to demand
4. Passive/obligor/ debtor - the person whom the prestation may be demanded
Sources of Obligation:
1. Laws - rule of conduct, just, obligatory and laid down by the
legitimate authority
2. Contracts - meeting of minds between two persons whereby binds
himself with respect to the other
3. Quasi-contracts
a. Negotorium gestio - the voluntary administration or management of an
abandoned business or property belonging to another without his consent
b. Solutio indebiti - Juridical relation which is created by virtue of a
payment
4. Crime - acts or omissions punishable by law
5. Quasi-delicts - legal wrong committed through fault or negligence causing
damage to a person or property through reckless imprudence.
Ex: Obligation by accident
Kinds of Obligation:
1. Pure and Conditional
a. Pure Obligation -pure obligation without any condition
b. Conditional Obligation
i. Suspensive
1. If the this is lost without the fault, the obligation shall be
extinguished
2. If the things is lost through the fault, he shall be obliged to
pay the damages
3. When the thing deteriorate without the fault of debtor, si
creditor pede piliin na icancel na lang ang obligation
4. If it is improved at the expense of the debtor, walang
karapatan sa improvements
5. If the thing is improved by its nature, magbebenefit ang
creditor not the debtor
ii. Resulatory
- If nagawa na or nasunod na ng both parties and need nila
ibigay ay matatapos na ang obligation
2. Obligation with a Period - there is a fix time and date kelan matatapos or
ibibigay
3. Alternative - various prestations are due. May pagpipilian
4. Facultative - ex: nawala yung kwintas na hiniram so either
babayaran niya yung kwintas or papaltan ng bago with the same amount
5. Joint - naghahati-hati sa obligation - equally distributed
6. Solidary - not distributed evenly. Required na isang buo ang
ibabayad sa creditor.
7. Divisible - one capable of being performed partially
8. Indivisible - no partial performance is permitted
9. Obligation with a Penal Clause
a. Penal Clause - attached to the principal obligation to insure its fulfillment
- Parang another penalty pag hindi nagawa ang obligation
Contracts - “meeting of the minds between two persons whereby one binds himself,
with respect to the other, to give something or to render some service.
Contracts and Agreement - every contract is based on agreement, not every
agreement is a contract
Contract and Obligation - obligation is the legal tie or relation itself that exists after a
contract has been entered into
Stages of Contract
1.Preparation or conception - negotiation
2. Perfection or birth - agreement of both parties
3. Consummation or termination - gagawin ang obligation or implementation of
contracts
Classification of Contracts
1. Express and Implied Contracts -
● Express - intentions of both parties ay nakikita by word (verbal or written)
● Implied - Behavior (actions)
2. Unilateral and bilateral contracts
● Unilateral - isang party lang ang may obligation
● Bilateral - both parties ay may obligation
3. Consensual and real contracts
● Consensual - may consent
● Real - pagbibigay ng real property
4. Executed and Executory Contracts -
● Executed - contracts na tapos na
● Executory - contracts na di pa natatapos or gagawin pa lang
5. Nominate and innominate contracts
● Nominate - may special name/ title by law
● Innominate - walang specific na name or title
Freedom on Contracts - anything pede ilagay sa contract pero hindi against sa law,
moral and public order or policies
Contrary to Law - If the object and the cause of the contract is prohibited or against the
law the contract will be held null and void.
Contrary to morals and good customs - Contract offending morals or good customs
are void and without effect
Consensual contracts
Contracts creating reals
Protection to creditors
Contracts entered in the name of another
Elements of a contract
1. Consent of the contracting parties - pumapayag ang parties sa mga stipulation or
mga bagay na nakalagay sa contract
2. Objects of the contract
3. Cause of the obligation
Consent
Acceptance made through letters- nagaganap pag ang dalawang parties and di valid
pag through online
Rule on offer and acceptance
When offer becomes ineffective
Offer made through agent -valid and acceptable because ang mga agent ay extension
ng isa sa parties
Published advertisement not an offer
Person who cannot give consent
-minors, insane or demented persons, and deaf-mutes who do not know how to write
cannot give consent except through their natural or legal guardians.
Vices of consent
● Mistake rendering contract defective
○ Mistake in substance - Ex. bibili ng lupa akala ay 50 hectares pero 40 hec
lang pala
○ Mistake of Identity or qualification -
● Circumstances not indicative of mistake- Ignorance of the law
○ Mistake of account unlike mistake of fact will not avoid the contract.If a
mistake of account is committed the remedy is not annulment of the
contract but correction of the account.
● Violence and intimidation
○ Violence - in a form of act
○ Intimidation - pananakot
● Degree of intimidation
● Undue influence - dominant sa isang party and ginagamit ang power para
makuha ang consent.
○ Ex. may special relationship and other party ay nagtetake ng advantage
● Fraud in contracts.
○ Fraud at or before the perfection of contract (dolo causante)
■ Ex. if alam na na niloloko pede ivoid ang contract
○ fraud after perfection of the contract (dolo incidente)- if tapos na or
dumating na sayo, di na maaannual but pede pa magkaroon ng
replacement