Question 34

Every obligation whose performance does not

depend upon a future or uncertain event, or

upon a past event unknown to the parties, is

demandable at once. This refers to

Group of answer choices

a) Joint and solidary obligations

b) Divisible and indivisible obligations.

c) Obligations with a period.

d) Pure obligation

Question 35

Which of the following is true with regards to

the annulment of voidable contracts due to

fraud?

Group of answer choices

a. May be annulled within 4 years from date

of contract

b. Answer not given

c. May be annulled within 10 years from

date of contract

d. May be annulled within 5 years from date

of contract

Question 36

A delivered his bracelet to B for Bs necklace.

No written agreement was signed by the

parties. Which of the following is appropriate

description of the contract between A and B?

Group of answer choices

A. Bilateral

B. Aleatory and nominate

C. Onerous and bilateral

D. Bilateral and innominate

Question 37

Who chairs the Ease of Doing Business/Anti

Red Tape Advisory Council?

Group of answer choices

a) DILG Secretary

b) DTI Secretary

c) DICT Secretary

d) DOF Secretary

Question 38

Substitution of debtor where the initiative

comes from the debtor.

Group of answer choices

a. Delegacion

b. Expromission

c. Delegacion

d. Subrogation

Question 39

A oblige himself to pay B P100,000 in 30 days

plus a penalty of P10,000 if A fails to pay the

obligation in due time. A failed to pay the

obligation in 30 days, B can demand from A

Group of answer choices

A. The principal of P100,000 plus legal

interest, plus damages.

B. The principal of P100,000 plus P10,000

penalty plus legal interest.

C. The principal of P100,000 plus P10,000

penalty.

D. The principal of P100,000 plus P10,000

penalty, plus legal interest, plus damages.

Question 40

Where demand by the creditor shall be

necessary in order that delay may exist.

Group of answer choices

a) When the obligor has expressly

acknowledged that he is in default.

b) When demand would be useless.

c) When time is of the essence of the

contract.

d) When the obligor requested for an

extension of time.