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Advanced Civil Code Quiz 15 Items

The document contains an advanced multiple-choice quiz consisting of 15 items related to various legal concepts in contracts, including commodatum, mutuum, pledge, antichresis, and laws governing sales and mortgages. Each question presents a scenario or legal principle, requiring the reader to select the correct answer from the provided options. The quiz aims to assess knowledge of legal obligations and rights in financial transactions.

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4 views

Advanced Civil Code Quiz 15 Items

The document contains an advanced multiple-choice quiz consisting of 15 items related to various legal concepts in contracts, including commodatum, mutuum, pledge, antichresis, and laws governing sales and mortgages. Each question presents a scenario or legal principle, requiring the reader to select the correct answer from the provided options. The quiz aims to assess knowledge of legal obligations and rights in financial transactions.

Uploaded by

22102825
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Advanced Multiple Choice Quiz (15 Items)

1. 1. In a contract of commodatum, who bears the risk of loss when the object is destroyed
by fortuitous event while in the possession of the borrower?

 A. The lender
 B. The borrower
 C. The insurer
 D. It depends on the value of the item

2. 2. In a contract of mutuum, interest is due only if:

 A. The amount loaned exceeds PHP 100,000


 B. The contract is oral
 C. There is an agreement to that effect
 D. The loan is for business purposes

3. 3. Lito borrowed a generator from Maria for use during a family reunion. Without
informing Maria, he lent it to a friend who accidentally broke it. Who is liable for the
damage?

 A. The friend
 B. Lito
 C. Maria
 D. Nobody, it was an accident

4. 4. Jane lent Jose PHP 100,000, payable in six months. No interest was mentioned in their
verbal agreement. Later, Jane demanded interest upon maturity. Is she entitled to it?

 A. Yes, because it's implied


 B. No, verbal agreements always include interest
 C. Yes, if court grants legal interest
 D. No, unless stipulated in writing

5. 5. Which of the following is not a requirement for a valid pledge?

 A. The pledgee must possess the thing pledged


 B. The pledge must be in a public instrument
 C. The secured obligation must be valid
 D. The pledgor must be the absolute owner of the thing pledged

6. 6. Carlo pledged his laptop to secure a loan from Dan. Later, Dan sold the laptop without
notifying Carlo. Is the sale valid?

 A. Yes, possession gives right to sell


 B. No, creditor must foreclose through public auction
 C. Yes, if sale is at fair market value
 D. No, unless stipulated in the loan contract

7. 7. If the mortgagor sells the mortgaged property without consent from the mortgagee:

 A. The sale is void


 B. The mortgage is extinguished
 C. The buyer assumes the mortgage automatically
 D. The sale is valid but subject to the mortgage

8. 8. Bryan borrowed PHP 1,000,000 from ABC Bank and mortgaged his titled lot. Later, he
failed to pay and the bank foreclosed. A third party, Leo, bought the lot at auction. Can
Bryan redeem it?

 A. No, because the sale is final


 B. Yes, within the legal redemption period
 C. Only if Leo agrees
 D. Yes, through filing a motion in court

9. 9. In antichresis, the creditor must:

 A. Apply all fruits only to interest


 B. Apply fruits first to principal, then to interest
 C. Apply fruits first to expenses, then interest and principal
 D. Remit the fruits to the debtor monthly

10. 10. Under an antichresis agreement, Anna allowed Ben to possess her vineyard and
collect its produce to pay off a loan. After two years, the fruits exceeded the loan, but
Ben refused to vacate. What legal remedy does Anna have?

 A. Sue for ejectment


 B. Demand additional payment
 C. Foreclose the vineyard
 D. File for specific performance

11. 11. Under the Maceda Law, if a buyer has paid more than two years’ worth of
installments and defaults, the seller must:

 A. Cancel the contract immediately


 B. Give a 30-day grace period and keep all payments
 C. Grant a 60-day grace period and refund the cash surrender value
 D. Foreclose the property

12. 12. Adrian purchased a condominium unit through installment payments. He defaulted
after 2.5 years of payment. The developer notified him of cancellation. What
requirement must be fulfilled under the Maceda Law before cancellation?
 A. Filing with the HLURB
 B. Payment of back taxes
 C. Refund of at least 50% of Adrian’s payments
 D. Notarized notice and 30-day grace period after the 60-day grace period

13. 13. The Recto Law prohibits the seller from:

 A. Cancelling the sale


 B. Demanding full payment after default
 C. Both cancelling the sale and foreclosing the chattel mortgage simultaneously
 D. Filing for damages due to default

14. 14. Ryan bought a mobile phone for PHP 60,000 payable in 6 monthly installments.
After 3 payments, he defaulted. The seller opted to foreclose the chattel mortgage. What
is the consequence under the Recto Law?

 A. Ryan must still pay the balance


 B. Seller can sue for deficiency
 C. Ryan has no further liability
 D. Seller must return previous payments

15. 15. A bank allowed a borrower to use both real mortgage and pledge to secure a single
loan. The pledge item was lost due to fortuitous event. What is the bank’s legal remedy?

 A. Foreclose the mortgage only


 B. Sue for damages
 C. Demand replacement of the pledged item
 D. Cancel both contracts

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