BL 3 Q3

1. A contract by which the owner of a credit and other incorporeal rights transfers, either onerously or gratuitously, to another his rights and actions against a third person.

• Contract of sale

• Assignment of credit

• Contract to sell

• Real mortgage

2. Causes which are also the means of extinguishing all other

contracts like payment, loss of the thing, condonation or novation.

• Common

• Special

• Extra-special

• General

3. Assignment of credit and other incorporeal rights is perfected by mere consent, hence:

• Onerous

• Bilateral

• Consensual

• Commutative

4. Causes of extinguishing a contract of which are given special discussion by the Civil Code and these are conventional redemption and legal redemption.

• Common

• Special

• Extra-special

• General

5. If assignment of credit is done onerously, whatever may be the legal cause, it is considered a contract of:

• Loan

• Pledge

• Agency

• Sale

6. It is the right which the vendor reserves to himself, to reacquire the property sold provided he returns to the vendee the price of the sale, the expenses of the contract, any other legitimate payments made therefor and the necessary and useful expenses made on the thing sold and fulfills other stipulations which may have been agreed upon.

• Conventional redemption

• Legal redemption

• General redemption

• Specific redemption

7. A nature of assignment of credit characterized by creation of a right, not by mandate of the law, but by virtue of an express contract.

• Accidental stipulation

• Purely contractual

• Real right

• Potestative

8. This is the stage of the contract for the assignment or transfer of credit and other incorporeal rights commencing from the moment the parties agree upon the credit or right assigned and upon the price even if neither has been delivered.

 

 

 

• Negotiation

• Birth

• Perfection

• Consummation

9. A nature of conventional redemption characterized by its dependence on the will of the vendor.

• Resolutory

• Potestative

• Real

• Reciprocal

10. The price paid for the credit or right in a contract of assignment of credit.

• Consideration

• Object

• Consent

• Subject