Itachi borrows money to Izumi and promise to pay it. What type of transaction does Itachi and Izumi entered?

Dame borrowed sewing machine from Morte. After that, Dame pay for the expenses of sewing kit that she can use for sewing. She also pay for the expenses of repairing the presser foot of the machine to prevent damage of the machine due to its obsolescence. Which expenses can Dame demand Morte for refund?

All of the following are examples of mutuum, except.

. The following rights belong to an antichretic creditor, except;

Which of the following statement is true, regarding to the right and obligation when the contract is antichresis?

It is the fruits at the time of the application thereof the interest and principal shall be the measure of such application.

It is where the person binds himself to the creditor to fulfill the obligation of the principal debtor in case the latter should fail to do so.

Which of the following Article asserted that, guarantor is someone that guaranty or agrees to pay, if you fail to do so?

By the contract of Antichresis, what specific right/s that a creditor could acquire from his debtor?

The guarantor who pays for a debtor must be indemnified by the latter. The indemnity comprises of (except)

I. Total amount of surplus

II. Legal interests thereon from the time the payment was made known to the creditor

III. Expenses incurred by the guarantor before having notified the debtor

IV. Damages, if not due

12. If any of the guarantors should be insolvent, his share shall be borne by?

. A _______ is an insurer's or bank's separate, abstract own commitment that is apart from the main obligation.

Which of the following statements handed down a factual information?

Statement 1 The creditor acquires the right to receive the fruits of an immovable of his debtor with the obligation to apply them to the payment of the debtor's debt.

Statement 2 Antichresis as to property involved personal property.

In the contract of Antichresis, the creditor does not acquire, what kind of ownership for non-payment of the debt within the period agreed upon?

6. If the creditor, unless there is stipulation to the contrary, is obliged to pay the taxes and charges upon the estate. Also, the creditor..

Which of the following statements is/ are true?

I. A mortgage on the land includes only present houses thereon, unless the houses are exempted by express stipulation.

II. A stipulation forbidding the owner from alienating the immovable mortgaged shall be valid.

Which of the following statements is/are true?

I. Only the mortgagee can foreclose the mortgage.

II. The foreclosure of a mortgage before a mortgagor's default is void.

III. Judicial Foreclosure is when a mortgagee is given a special power of attorney to sell the mortgaged property by public auction.

Which of the following statements is/are true?

I. Chattel Mortgage is constituted on immovable.

II. In the absence of an affidavit of Good Faith, the chattel mortgage is still valid as between the parties.

III. Real mortgage is constituted on movable.

IV. Delivery is an essential element of the contract in Chattel Mortgage.

V. Both Real and Chattel Mortgage cannot guarantee future obligations.

Which of the following statements is/are true?

I. The creditor-mortgagee may maintain an action for deficiency as the chattel mortgage is only given as a security and not as payment for the debt in case of failure of payment.

II. Where the chattel mortgage is constituted as security for purchase of personal property payable on installments. In this case, there is no deficiency judgment and any contrary stipulation is void.

The following are registration agencies for mortgage so as to bind third persons, except:

Which of the subsequent acts is deemed an offense involving mortgage under Article 319 of the Revised Penal Code?

. Is a contract whereby the debtor secures to the creditor the fulfillment of a principal obligation, specially subjecting to such immovable property or real rights over immovable property which obligation shall be satisfied with the proceeds of the sale of said property or rights just in case the said obligation is not complied with at the time stipulated.

Statement 1 A real estate mortgage constituted on immovable property is not limited to the property itself but also extends to all its accession, improvements, growing fruits, rents or income.

Statement 2 Stipulations in a contract of mortgage forbidding the mortgagor from alienating the mortgaged property is valid.

Which of the following is correct regarding chattel mortgage?

What is the difference between guaranty and suretyship?

JV signed a loan agreement with ABC Bank. To secure payment, JV requested to his girlfriend Fham to execute a document entitled “CONTINUING GUARANTY AGREEMENT” whereby she expressly agreed to be solidarily liable for the obligation of JV. Can ABC Bank proceed directly against Fham upon JV’s default even without proceeding against JV first?

A contract of antichresis is always

Belinda owns a vast mango plantation which she can no longer properly manage due to a lingering illness. Since she is indebted to RJ in the amount if Php.50,000 she asks RJ to manage the plantation and apply the harvest to the payment of her obligation to him, principal and interest until her indebtedness shall have been fully paid. RJ agrees. What kind of contact is entered into between Belinda and RJ?

Based on the given situation above about Belinda and RJ, Does the law require any specific form for the validity of their contract?

.In line with the characteristics of a contract of antichresis, which of the following is not part of it?

The person who pays for another acquires not only the rights to be reimbursed for what he has paid but also the other rights attached to the obligation contracted by the debtor. This information refers to?

Alicia Keys borrowed the cat from John Mayer with the promise of returning the same 8 days after. However, John did not return the cat in time. Unfortunately, the cat was hit by a car.

Doja borrowed the furniture from Ariana. Ariana delivers her furniture to Doja so that Doja may use the same for a certain time and return it. This is:

Calvin borrowed P15,000 from Kiyo, Calvin promised to pay Kiyo by the end of the month from his monthly salary. This transaction is an example of;

Arthur borrowed a broken phone from Nerry. Nerry knows the flaws of the thing loaned but does not advise Arthur. Who shall be liable for the damages?

A gave her ring to B, her sister before she goes to Tondo, Manila for the purpose of keeping it until she comes back. What contract is perfected?

A and B entered into a contract of deposit, A agreed to deliver her necklace to B on her birthday for safekeeping it in one week. Is the contract of deposit perfected?

The house of A was ordered by the court to be deposited in the court because of his pending civil case. In case he will be found guilty of the charge against him, his car may be sold in the public auction and the proceeds shall answer for the damages. What kind of contract of deposit was perfected?

What is the principal purpose of the contract of deposit?

Eloisa went to the bank to deposit a money amounting P30,000. Eloisa is not the owner of the account and she is not entitled to any transfer of ownership. What kind of deposit does this situation shows?

Which of the following statements is correct as to the binding effect of the deposit?

X, a minor, accepted a deposit to Y. In this case, Y shall only have action to recover the thing deposited while it is still in possession of X. If X sold it to Z and latter is in bad faith.

Kind of deposit wherein the action is to be brought in the court.

A deposited his money to C, with A's permission to use it will result in its consumption and convert the contract into a mutuum. However, both A and C agreed that the principal purpose of the contract is still the safekeeping. Is the contract valid?

Sia entered into a contract with Purr and deposited her ring for money. Without the permission of Sia, Purr used the ring to attend a party and later on lost it.

A deposited a laptop with B, a minor who sold it to C. And C acted in good faith.

Which of the following is incorrect?

Which of the following is incorrect?

Which of the following statements is true?

Statement 1: In extrajudicial deposit, movable and immovable property can be the subject matter of the deposit.

Statement 2: in judicial deposit, only movable or personal property may be the object of the contract of deposit.

Which of the following are correct regarding the responsibilities of the keepers as depositaries in hotels or inns:

I. The hotel-keeper has a right to retain the things brought into the hotel by the guest, as a security for credits on account of lodging, and supplies usually furnished to hotel guests.

II. The hotel-keeper is liable for the articles, but not to the vehicles and animals which have been introduced or placed in the annexes of the hotel.

III. The hotel-keeper is not liable for compensation if the loss is due to the acts of the guest, his family, servants or visitors, or if the loss arises from the character of the things brought into the hotel.

IV. The hotel-keeper cannot free him from responsibility by posting notices to the effect that he is not liable for the articles brought by the guest.

Which of the ff statements is/are incorrect?

I. In mutuum, the purpose is safekeeping while in deposit, the purpose is consumption.

II. In mutuum, the lender may demand the return of the thing until the expiration of the period while in deposit, the depositor cannot demand the return of the thing at will or anytime

. III. In mutuum, both movable and immovable properties may be the object of the contract while in deposit, only money and other fungible thing may be the subject matter.

Which of the ff statement is/ are true about subject matter of deposit?

I. In judicial deposit both movable and immovable property can be the subject matter of the deposit.

II. The contract of deposit includes incorporeal or intangible properties, such as rights and actions as subject matter

III. In judicial deposit, only movable or personal property may be the object of the contract of deposit.

Which of the following statements is true?

Statement 1: Two or more persons claiming to be entitled to a thing may deposit the same with a third person who assumes the obligation to deliver to the one to whom it belongs.

Statement 2: The action to compel the depositors to settle their conflicting claims among themselves would be in the nature of an interpleader.

When it becomes necessary to open a locked box or receptacle, the depositary is presumed authorized to do so, if the key has been delivered to him; or when the instructions of the depositor as regards the deposit can be executed without opening the box or receptacle.

Deposit may be created by virtue of a court order or by law and not by the will of the parties

The bailee is liable for the loss of the thing, even if it should be through a fortuitous event. Which of the following is not included?

8. Statement 1: The bailee in commodatum acquires the use of the thing loaned but not its fruits; if any compensation is to be paid by him who acquires the use, the contract ceases to be a commodatum.

Statement 2: Movable or immovable property may not be the object of commodatum.

Commodatum is purely personal in character. Consequently: which is out of part?

THING PLEDGED OR MORTGAGED MAY BE ALIENATED.

Statement 1: Not necessarily implied as an inherent element of the transaction of the mortgage or pledge.

Statement 2: The only remedy for the pledgee is to have the security given sold at private auction and the proceeds of the sale be applied to the payment of the obligation secured by the mortgage or pledge

All of the following are properties subject to chattel mortgage, except?

Which of the following statements is CORRECT?

Statement 1: Real mortgage is constituted on immovable.

Statement 2: In real mortgage, delivery is not required.

Statement 3: Real mortgage is valid against third persons unless it is registered.

A remedy available to the mortgage which he subjects the mortgage property to the satisfaction of the obligation.

These are the venue of Registration except?

. Statement 1: By a chattel mortgage, personal property is recorded in the Chattel Mortgage register as a security for the performance of an obligation.

Statement 2: The registration of the Chattel mortgage is an effective and binding notice to other creditors of its existence and creates a real right or lien which, being recorded, follows the chattel wherever it goes.

In case of foreclosure, the creditor is not entitled to recover deficiency notwithstanding any stipulation to the contrary

Severally swear that the mortgage is made for the purpose of securing the obligation specified in the conditions thereof and for no other purposes and that the same is a just and valid obligation and one not entered into for the purpose of fraud.

All of the following are application of proceeds of the foreclosure, except?

Statement 1: Personal Property is recorded in the Chattel Mortgage Register as a security for the performance of an obligation.

Statement 2: The provisions of this Code Chattel on pledge, insofar as they are not conflict with the Chattel Mortgage Law shall be application to Chattel Mortgages.

Mortgage Extends to the following, except?

It is when a mortgage is given a special power of attorney to sell the mortgaged property by public auction under act no. 3135.

Under the Civil code by which personal property can be used to secure a principal obligation, there are at least two (2) contractual modes:

A pledge is a real contract, hence, it is necessary in order to

On February 22, 2020, Sean Co. was forced to pay Clyve bank the sum of P40,345 which included the principal loan and accumulated interest and Clyve Bank executed a subrogation receipt on the same date. On March 20, 2022, Sean Co. brought an action for reimbursement of the said amount. What is the nature of the stock assignment?

Which of the following statements are correct? The two are the pledge of incorporeal rights:

I. The instrument proving the right pledged shall be delivered to the creditor.

II. If the instrument is negotiable, it must be indorsed.

Statement I: A statement in writing by the pledgee that he renounces or abandons the pledge is sufficient to extinguish the pledge.

Statement II: For this purpose, neither the acceptance by the pledgor or owner, nor the return of the thing pledged is necessary, the pledgee becoming a depositary

Rules as to the proceeds of sale

Statement I: If the price of the sale is MORE THAN said amount, the debtor shall not be entitled to the excess, unless it is otherwise agreed.

Statement II: If the price of the sale is GREATER, neither shall the creditor be entitled to recover the deficiency, notwithstanding any stipulations to the contrary

Statement I: The sale of the thing pledged shall extinguish the principal obligation, whether or not the proceeds of the sale are not equal to the amount of the principal obligation, interest and expenses in a proper case.

Statement II: Before the public auction, the pledgee shall promptly advise the pledgor or owner of the result thereof.

Entitled to claim the deficiency from the debtor

A _______ that has any right in or to the thing pledged may satisfy the principal obligation as soon as the latter becomes due and demandable.

A _______ that has any right in or to the thing pledged may satisfy the principal obligation as soon as the latter becomes due and demandable.

If after the first and second auction for the thing pledged and still not sold the creditor may

Which of the following statement(s) is true?

I. The pledgor and pledgee may bid at the public auction. The pledgor has a better right if he should offer the same terms as the highest bidder.

II. The pledgee's offer shall not be valid if he is the only bidder

Which of the following statement(s) is correct?

Statement I: The instrument providing the right pledge shall be delivered to the creditor.

Statement II: If the instrument is negotiable, it’s not necessary be indorsed.

Kelly Oubre pledged his only Audi R8 car to Melo to secure his obligation amounting to P3,500,000, Kelly Oubre delivered the car to Melo. Unfortunately, the car was stolen in the garage where the car was parked. Who shall be liable for the damages?

Which of the following statement(s) is valid?

Statement I: Mr. Baki pledged his only car to Mr. Williams to secure his obligation amounting to P400,000, Mr. Baki delivered the car to Mr. Williams and permitted Mr. Tatum to accept the deposit. A few months later Mr. Williams deposited the thing pledge to Mrs. Niana who is the wife of pledgor of the thing.

Statement II: Mr. Baki pledged his only car to Mr. Williams to secure his obligation amounting to P400,000, Mr. Baki delivered the car to Mr. Williams and permitted Mr. Tatum to accept the deposit. A few months later Mr. Williams deposited the thing pledge to Mr. Tatum who is authorized by Mr. Baki the pledgor of the thing.

Which of the following statement(s) is correct if the pledgee is deceived on the quality of the thing pledged?

Statement I: The pledgee cannot claim another thing in its stead.

Statement II: The pledgee may demand immediate payment of the principal obligation

All of the following statements regarding the contract of antichresis are correct, except:

Which of the following statements regarding guarantee is incorrect?

Suppose A is the creditor, B is the principal debtor, and C binds himself liable together with principal debtor B, which of the following is a suretyship?

I. The surety is secondarily liable with the principal debtor.

II. The surety is solidarily liable with the principal debtor.

I. A married woman MAY NOT guarantee an obligation without the husband's consent.

II. A married woman MAY guarantee without the husband's consent, and shall bind the community or conjugal partnership, at any instances.

LAB borrowed P50,000 from UYO and pledged his computer and bike worth of P20,000 and P30,000 respectively. After a week, LAB pays 20,000 to UYO. Can LAB compel UYO to return the computer since P20,000 is already paid?

Pepsi's business is failing so he borrowed money from Paloma worth of P2,000,000. To secure the fulfillment of her loan, Pepsi mortgaged his Father's land. Pepsi is the only child. Is the contract of mortgaged valid?

Mega wants to buy a villa and borrowed additional money from Young worth of P1,000,000. To secure fulfillment of his loan Mega pledged his car. The contract provides that the creditor may appropriate the car upon failure of the debtor to pay the loan. Mega failed paying the loan. Does Young take ownership of the car pledge?

Krem, an owner of a Sari-sari store borrowed money from Top worth of P5,000,000. Juju, a third person, mortgaged his land to secure the fulfillment of Krem's loan. Is the contract valid?

The following are extent of mortgage, except;

For pactum commissorium to exist:

I. There should be a pledge or mortgage wherein a property is pledged or mortgaged by way of security for the payment of the principal obligation. I

I. There should be a stipulation for an automatic appropriation by the debtor of the thing pledged in the event of nonpayment of the principal obligation within the stipulated person. Which of the statements above are TRUE?

The following requisites are essential to the contract of pledge and mortgage, except:

Uni-Team borrowed 3,000,000 from Isko. Kakampink, a third person, mortgaged his land to secure the fulfillment of X’s loan. Is the contract of mortgage valid?

Baby M borrowed 30,000 from Len-Len and pledged his ring and a necklace for 13,000 and 17,000 value respectively. After several days, Baby M pays 17,000 to Len-Len. May Baby M compel to Len-Len to return the necklace because 17,000 of the loan is already paid?

Thus, a principal obligation may still be?