Quiz on Usufruct

What is Usufruct?

• A type of lease agreement

• A type of in rem right

• A type of ownership right

• A type of rental contract

What two rights does a usufructuary have?

• Right to sell and destroy the thing

• Right to use and collect fruits

• Right to transfer ownership

• Right to lease the property

What is the maximum duration of usufruct for a body corporate?

• 40 years

• 30 years

• 20 years

• 10 years

Which of the following is NOT a source of usufruct?

• Will

• Judicial decision

• Accession

• Contract

What must a usufructuary do with the thing they are using?

• Preserve it for the owner

• Transform it into another form

• Sell it for profit

• Ignore its condition

What happens to usufruct when the usufructuary dies?

• It terminates

• It continues indefinitely

• It is transferred to the heirs

• It becomes a lease

Which article states that usufruct can be established on any object of property?

• Art 1309(2)

• Art 1327(1)

• Art 1309(1)

• Art 1310(1)

What is an imperfect or quasi-usufruct?

• Usufruct that cannot be transferred

• Usufruct that lasts indefinitely

• Usufruct over consumable things

• Usufruct over non-consumable things

What is one obligation of the bare owner?

• To pay taxes on the usufruct

• To follow up on the management of the thing

• To prevent the usufructuary from using the property

• To manage the usufructuary's rights

What is the effect of termination of usufruct?

• Creation of a new lease

• Extension of the usufruct

• Restoration of the subject matter

• Permanent ownership transfer