BL 1 Q3 BSCA

1. is the act of depositing the thing or amount due with the proper court when the creditor does not desire, or refuses to accept payment, or cannot receive it, after complying with the formalities required by law.

• Consignation

• Dation in payment

• Payment

• Deposit

2. A principle which states that a generic thing never perishes.

• Perit genus nunquam

• Caritas in iustitia

• Nemo dat quod non habet

• Genus nunquam perit

3. It is a sharp sudden increase of money or credit or both without a corresponding increase in business transactions and causes a drop in the value of money, resulting in rise of the general price level.

• Devaluation

• Depreciation

• Inflation

• Deflation

4. It is synonymous with payment in legal parlance.

• Performance

• Service

• Obligation

• Fulfillment

5. This requisite means that the prestation be fulfilled completely.

• Regularity

• Integrity

• Identity

• Capacity

6. The principle which states that whoever pays on behalf of the debtor is entitled to replace the creditor in collecting from the debtor.

• Condonation

• Subrogation

• Remission

• Novation

7. It means that the thing to be delivered must not be subject to any claim or lien or encumbrance of a third person.

• Integrity of prestation

• Capacity to alienate

• Free disposal of the thing due

• Identity of prestation

8. It is the conveyance of ownership of a thing by the debtor to creditor as an accepted equivalent of performance of a monetary obligation.

• Consignation

• Tender of payment

• Payment by cession

• Dation in payment

9. It is  that currency which a debtor can legally compel a creditor to accept in payment of a debt in money when tendered by the debtor in the right amount.

• Legal tender

• Money

• Currency

• Foreign exchange

10. The designation of the debt to which should be applied the payment made by a debtor who has various debts of the same kind in favor of one and the same creditor.

• Application of payment

• Payment by cession

• Tender of payment

• Consignation