QUIZ 1 OBLICON

a) Obligations may be derived from quasi-contracts.

b) Negotiorum gestio is the juridical relation which is created when something is received when there is no right to demand it and it was unduly delivered through mistake.

• A and B are both correct.

• A and B are both incorrect.

• A is correct; B is incorrect.

• A is incorrect; B is correct.

a) Creditor or obligor is the person who is bound to the fulfillment of the obligation.

b) Debtor or obligee is the person who is entitled to demand the fulfillment of the obligation; he who has a right

• A and B are both correct.

• A and B are both incorrect.

• A is correct; B is incorrect.

• A is incorrect; B is correct.

a) Subject or prestation is the conduct required to be observed by the debtor.

It may consist in giving, doing, or not doing

• A and B are both correct.

• A and B are both incorrect.

• A is correct; B is incorrect.

• A is incorrect; B is correct.

a) A juridical or legal tie that which binds or connects the parties to the obligation.

b) The tie in an obligation can easily be determined by knowing the source of the prestation.

• A and B are both correct.

• A and B are both incorrect.

• A is correct; B is incorrect.

• A is incorrect; B is correct.

a) The law requires a specific form for obligations arising from contracts for their validity or binding force.

b) It may be oral, or in writing, or party oral and partly in writing.

• A and B are both correct.

• A and B are both incorrect.

• A is correct; B is incorrect.

• A is incorrect; B is correct.

a) In case the debtor does not comply with his obligation, the creditor may avail himself of the following remedies to satisfy his claim.

b) Specific performance with the right to forfeiture.

• A and B are both correct.

• A and B are both incorrect.

• A is correct; B is incorrect.

• A is incorrect; B is correct.

a) In case the debtor does not comply with his obligation, the creditor may avail himself of the following remedies to satisfy his claim.

b) Specific performance with the right to forfeiture.

• A and B are both correct.

• A and B are both incorrect.

• A is correct; B is incorrect.

• A is incorrect; B is correct.

• a) In order that interest may be recovered, any of the following requisites must be present:

•    b) The payment of interest must be expressly stipulated, the agreement must be in writing, and the interest must be lawful.

• A and B are both correct.

• A and B are both incorrect.

• A is correct; B is incorrect.

• A is incorrect; B is correct.

a) Usurious transactions shall be governed by special laws.

b) Usury is contracting for or receiving interest in excess of the amount allowed by law for the loan or use of money, goods, chattels or credits.

• A and B are both correct.

• A and B are both incorrect.

• A is correct; B is incorrect.

• A is incorrect; B is correct.

a) Negligence is the attention and care required of a person in a given situation.

b) Whether or not the negligence of the obligor is excusable will depend on the situation.

• A and B are both correct.

• A and B are both incorrect.

• A is correct; B is incorrect.

• A is incorrect; B is correct.