Laws on Obligation and Contracts (Practice Test)

It is a juridical necessity to give, to do or not to do.

• Law

• Contract

• Obligation

• Quasi-contract

It is a meeting of minds between two persons whereby one binds himself, with respect to the other, to give something or to render some service.(

• Law

• Contract

• Obligation

• Quasi-contract

An element of obligation that binds the parties to an obligation

• Active subject

• Passive subject

• Object or Prestation

• Juridical or Legal tie

April wants to start a steak restaurant but her capital is not enough. She decided to borrow money costing Php 100,000 from her hotel heiress friend, Clarice. They executed a contract of loan and agreed that April will pay it after 5 years. Who is the active subject?

• April

• Clarice

• Steak

• Heiress

April wants to start a steak restaurant but her capital is not enough. She decided to borrow money costing Php 100,000 from her hotel heiress friend, Clarice. They executed a contract of loan and agreed that April will pay it after 5 years. Who is the passive subject?

(a)  

April wants to start a steak restaurant but her capital is not enough. She decided to borrow money costing Php 100,000 from her hotel heiress friend, Clarice. They executed a contract of loan and agreed that April will pay it after 5 years. What is the prestation?

• April

• Php 100,000

• Clarice

• Contract of Loan

Teo ordered Shrimp and Garlic pizza from SNR and he has already been waiting for 2 hours so he called SNR to inquire regarding the status of his order and was told that it the pizza was already delivered. Meanwhile, his neighbor, Erwin received a pizza by mistake, accepted and have already consumed all of it to hide the evidence. What is the legal term for this kind of situation?

• Quasi-Contract

• Negotiorum Gestio

• Culpa Aquilana

• Solutio Indebiti

Owen is excitedly driving his new Ferrari Tributo Spider in Malabon and got distracted by a phone call when he accidentally crashed in another car, Aston Martin Vantage owned by Adrian. The damage was a scratch on 2 cars. What will be the source of obligation between these two?

• Contract

• Quasi-contract

• Acts or omissions punishable by law

• Quasi-delict

The fulfillment of the respective obligations of the parties under the contract, resulting to its accomplishment and extinguishment.

(a)  

The purpose is the performance of an obligation by one party as the other party performs or has performed its own obligation.

• Onerous contract

• Consensual contract

• Nominate Contract

• Valid contract