Obligations and Contracts Quiz

Obligations and Contracts Quiz

University

30 Qs

quiz-placeholder

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Obligations and Contracts Quiz

Obligations and Contracts Quiz

Assessment

Quiz

Other

University

Practice Problem

Medium

Created by

JM Calicdan

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30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to Article 1158, "Obligations arising from contracts have the force of law between the contracting parties and should be complied with in good faith."

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Extrajudicial demand is one made outside of the court and which may be made orally or in writing.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In case an extraordinary inflation or deflation of the currency stipulated should supervene, the value of the currency at the present time shall be the basis of payment, unless there is an agreement to the contrary.

True

False

4.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

A real right, also called ______, such as the right of possession or ownership, is one that is enforceable against the whole world.

5.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

The law of obligations and contracts known as the Civil Code of the Philippines, was approved as ______ on June 18, 1949 and took effect August 30, 1950.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The debtor's liability for future fraud can be waived.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the obligation is a pure obligation or one whose performance is not subject to a suspensive period or suspensive condition, the obligation to deliver arises from its perfection.

True

False

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