
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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