Obligations and Accounting Principles Quiz

The following are the requisites of a prestation or an object of an obligation, except

• It must be possible, physically and juridically.

• It must be determinate, or, at least, determinable according to pre-established elements or criteria.

• It must have possible equivalent in money.

• It must be a positive obligation only.

The following are examples of vinculum or efficient cause or juridical tie of an obligation, except

• Relation established by natural obligation

• Relation established by law

• Relation established by quasi-delict

• Relation established by quasi-contract

• Relation established by contract

Which of the following obligations is not enforceable by a court action?

• Legal obligation

• Contractual obligation

• Civil obligation

• Religious obligation

Which of the following statements concerning the distinctions between civil obligation and natural obligation are true?

• Both I and II

• I only

• I. Civil obligations derive their binding force from positive law, while natural obligations derive their binding effect from equity and natural justice.

• II. Civil obligations can be enforced by court action or the coercive power of public authority, while the fulfillment of natural obligations cannot be compelled by court action but depends exclusively upon the good conscience of the debtor. However, voluntarily fulfilment of natural obligation by the debtor will preclude him from asking for reimbursement from the creditor of the amount he has voluntarily paid.

• II only

The following are examples of natural obligations that cannot be enforced by court action but depends upon the voluntarily fulfillment of debtor, except

• The obligation of a debtor to pay a loan evidenced by a written contract of loan but a period of 10 years had already lapsed from maturity date without demand from creditor.

• The obligation of a debtor to reimburse a third person who has paid the debtor's obligation after it has already lapsed.

• The obligation of a testate or intestate heir to pay the debt of a decedent beyond the value of the property which he received by will or by the law of intestacy from the estate of the deceased.

• The obligation of the employer of a 'Kasambahay' to pay the 13th month pay of the latter.

The following are the sources of civil obligation demandable in a court of law, except

• Religious doctrines

• Contracts

• Quasi-delicts or Culpa Aquiliana or Torts

• Quasi-contracts

• Law

It is a source of an obligation that refers to meeting of minds between two persons whereby one binds himself, with respect to the other, to give something or to render some service.

• Law

• Contract

• Quasi-contract

• Quasi-delict

Which of the following statements concerning obligations arising from contracts are correct?

• II. Obligations arising from contracts should be complied with in good faith.

• I only

• II only

• I. Obligations arising from contracts have the force of law between contracting parties.

• Both I and II

It is a source of an obligation that refers to a juridical relation which arises from certain lawful, voluntary and unilateral act, to the end that no one may be unjustly enriched or benefited at the expense of another.

• Delict

• Quasi-contract

• Contract

• Quasi-delict

The following are examples of quasi-contracts, except

• A person receives something when there is no right to demand it or it was unduly delivered through mistake.

• A person takes charge of the agency or management of business or property of another without authority or without consent of the latter.

• A stranger gives support to a child of another person without the knowledge of the person obliged to give support.

• A person saves the property of another person during fire, flood, storm or other calamity without the knowledge of the owner.

• A person caused injury to another person through fault of negligence