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REFRESH LAW 2

Authored by Littlestar Seo

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REFRESH LAW 2
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74 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Don was the owner of an agricultural land with no access to a public road. He had been PASSING THROUGH THE LAND OF ERNIE with the latter's acquiescence for over 20 years. Subsequently, Don subdivided his property into 20 residential lots and sold them to different persons. Ernie blocked the pathway and refused to let the buyers pass through his land. DID DON ACQUIRE AN EASEMENT OF RIGHT OF WAY?

Yes, by prescription

Yes, because Ernie allowed him to

No, he did not

Yes, because his lot needs access to it

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Bernie BOUGHT ON INSTALLMENT a residential subdivision lot from DEVLAND. After having faithfully paid the installments for 48 MONTHS, Bernie discovered that DEVLAND HAD FAILED TO DEVELOP the subdivision in accordance with the approved plans and specifications within the time frame in the plan. He thus wrote a letter to DEVLAND informing it that he was stopping payment. Consequently, DEVLAND cancelled the sale and wrote Bernie, informing him that his PAYMENTS ARE FORFEITED IN ITS FAVOR. Was the action of DEVLAND proper?

Yes, but DEVLAND has to refund the cash surrender value at a maximum of 50% of the total payments made

Yes, because the contract has been cancelled due to non-payment

No, DEVLAND should reimburse Bernie the total amount paid

No, DEVLAND should give Bernie a new property equivalent to what he has already paid

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is an IMMOVABLE property?

Shares of stock of agricultural, commercial and industrial entities

Fertilizer actually used on a piece of land

Forces of nature which are brought under control by science

Obligations and actions which have for their object movables or demandable sums

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Funding sources for CARPER are Agrarian Reform Fund and other funding sources in the amount of at least

P150,000,000,000.00

P150,000,000.00

P15,000,000,000.00

P75,000,000,000.00

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is NOT A MODE OF ACQUISITION UNDER THE CARPER?

Compulsory acquisition

Voluntary offer to sell

Voluntary land transfer

Public auction

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Under CARL and CARPER, CONVERSION OF AGRICULTURAL LANDS may be authorized by DAR AFTER THE LAPSE OF

2 years

5 years

10 years

3 years

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Any person DIRECTLY ENGAGED AS PRINCIPAL in the business of buying, selling or exchanging real estate whether on a full-time or part-time basis

Broker

Dealer

Developer

Salesman

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