BATCH 24: RFBT 1

It is the juridical necessity to give, to do or not to do.

• Obligation
• Sales
• Contract
• Partnership

It refers to lawful, unilateral, voluntary acts giving rise to juridical relation to the end that no one shall be unjustly enriched at the expense of another.

• Law
• Quasi - Delict
• Contract
• Quasi - contract

This is a voluntary management of an abandoned property or business in good faith without the authority and consent of the owner.

• Law
• Vinclum juris
• Negotiorum Gestio
• Solutio Indebiti

Mr. Gilbert Blythe bought a Residential Unit situated in Tabuk City from REX Development Corporation. The terms of payment are Php 10,000.00 per month payable for 20 years. Mr. Reyes had already paid for 7 years installment or a total of Php 840,000.00 to the developer when he got into an accident constraining him to resign from his work. Assuming that he can no longer pay the monthly installment, how much is he entitled to receive as cash surrender value?

• He is not entitled to receive anything since this is not covered by Maceda Law
• He is entitled to receive 60% of the total amount paid.
• He is entitled to receive 90% of the total amount paid.
• He is entitled to receive 50% of the total amount paid.

In a contract of sale, the ownership of the thing sold shall be transferred to the vendee upon_______________?

• Consummation
• Payment
• Delivery
• Perfection of Contract

Seller's right to resale is available if?

• The buyer is in default.
• The right has been expressly reserved.
• Buyer delays payment for a reasonable length of time.
• The goods are perishable in nature.

This law criminalizes the issuance of a check without sufficient fund or failure to maintain the said sufficient fund within reasonable time from its issuance?

• RA 11232
• BP 68
• BP 22
• RA 9184

Which of the following statements is correct?

• Estafa is a crime against public interest
• Estafa shall bar the prosecution for violation of BP 22
• Estafa can be committed through deceit in issuing a bouncing check
• BP 22 is a special law that makes the mere act of issuing worthless or bum checks a crime, mala in se, regardless if they were made as deposit, guarantee, or evidence of pre-existing debt.

Jenna, knowing that she had sufficient balance in her checking account, issued a check amounting to ₱50,000 dated January 15, 2021, to Ruben for the payment of 20 bags of Japanese rice delivered on January 20, 2021. Ruben encashed the check on April 10, 2021, but the bank dishonored it for insufficiency of funds. Jenna refused to pay within 5 banking days from notice thereof, contending that it was Ruben who failed to encash the same within a reasonable period. Can Ruben file an action against Jenna for violating the Bouncing Checks Law (BP 22)?

• No, because Jenna had sufficient funds when she issued the check; BP 22 punishes only the issuance of a check knowing that there are insufficient funds.
• No, because the check was encashed after a reasonable time; hence, Ruben bears the risk.
• Yes, because Jenna, though she kept sufficient funds within a reasonable period, did not settle the obligation within 5 banking days.
• Yes, because Jenna is presumed to have knowledge of issuing a check without sufficient funds, and despite notice, she failed to settle within five banking days.

What is Republic Act No. 10142 of 2010 commonly known as?

• Bouncing checks law
• Concurrence and preference of credit
• Financial Rehabilitation and Insolvency Act
• Consumer Protection Law