The following are the requisites of an obligation, except:

In an obligation to give an indeterminate thing, the loss or destruction of anything of the same kind will extinguish the obligation if the cause of the loss is a fortuitous event.

As a rule, the creditor may demand fulfillment of the obligation and the penalty at the same time.

The period in an obligation always refers to the future.

Where an instrument containing the words "I promise to pay", is signed by two or more persons, they are deemed to be jointly and severally liable.

Based on the definition, nearly every movable thing are...

The obligation of a school to provide its students a safe and secure environment and an atmosphere conducing to learning is an obligation arising from:

It is a mode of extinguishing an obligation which has a two-fold function: One is to extinguish an old obligation, and the other to substitute a new one in its place.

D obliged himself to give P50,000.00 to C if C does not fly to the moon.

One of the following is a determinate thing. Which is it?

A, B, C and D, joint debtors, are obliged to give V, W, X, Y and Z, solidary creditors, P20,000.00.

A, B, C and D, solidary debtors, are obliged to give V, W, X, Y and Z, joint creditors, P20,000.00.

Unless the law or the stipulations of the parties require another standard of care, every person obliged to give something is also obliged to take care of it with:

The passage of time as a mode of acquiring or losing a right including the extinguishment of an obligation is called:

One of the following is a void obligation:

This refers to delay on the part of the creditor

A mode of extinguishing obligations up to their concurrent amount when two persons are principal debtors and creditors of each other is called:

D owes C Php 6,000.00. No date for payment was stipulated by the parties.

It refers to an action to procure the return of a part of the purchase price paid by the vendee to the vendor by reason of such defect.

The prescription period to file an accion redhibitoria or accion quanti minoris is __ months from the date of delivery to the vendee.

In redhibitory actions based on the faults or defects of animals, the period is __ days.

The vendee is liable for interest on the price (1) should it have been so stipulated, (2) should the thing sold and delivered produce fruits or income, and (3) should he be in default, from the time of judicial or extra-judicial demand for the payment of the price.

The vendee may suspend the payment of price (1) should he be disturbed in the possession or ownership of the thing sold and (2) should he have reasonable grounds to fear such disturbance by a vindicatory action or by a foreclosure of mortgage

Under Recto Law, the seller may ask for the rescission of the sale if buyer has failed to pay __ or more installments.

Under Recto Law, if the seller chose to foreclose the chattel mortgage on the thing sold, __.

First Statement: Under PD 957, no installment payment made by a buyer in a subdivision or condominium project for the lot or unit he contracted to buy shall be forfeited in favor of the owner or developer when the buyer, after due notice to the owner or developer, desists from further payment due to the failure of the owner or developer to develop the subdivision or condominium project according to the approved plans and within the time limit for complying with the same.

Second Statement: The rights of buyer in the event of his failure to pay the installments due for reasons other than the failure of the owner or developer to develop the project shall be governed by RA 6552.

Under Maceda Law, if the buyer paid at least 2 years installment, he may pay the balance __ within a grace period of __ for every year of installment payment.

Under Maceda Law, if the seller cancels the sale and the buyer paid at least 2 years installment, buyer is entitled to __ of what he has paid if after 5 years of installments, __ for every year but not to exceed __ of total payments made.

Under Maceda Law, if the seller cancels the sale and buyer paid at least 2 years installment, cancellation is effected __ days from notice and upon payment of cash surrender value.

Under Maceda Law, if the buyer paid less than 2 years installment, the second grace period is __ days from notice of cancellation/demand for rescission.

What is the effect of waiver of warranty against eviction if the buyer has knowledge of risk of eviction and assumed its consequences?

What is the effect of a waiver of warranty against the eviction if the buyer has no knowledge of a particular risk?

What is the effect of waiver of warranty against eviction if the seller is in bad faith?

Who bears the risk of loss and deterioration of the thing sold before perfection?

The remedies of an unpaid seller are (1) possessory lien, (2) stoppage in transitu, (3) resale, and (4) rescission

Who bears the risk of loss and deterioration of the thing sold before perfection?

What is the order of preference of the following in case of double sale of real property: (1) registrant in good faith, (2) possessor in good faith, and (3) person with the oldest title in good faith?

Who is preferred in case of double sale of personal property?

It refers to a delivery where the seller continues in possession but under a different title other than ownership.

It refers to a delivery of rights, credits or incorporeal property, made by placing titles of ownership in the hands of the buyer and allowing buyer to make use of rights.

It refers to a delivery where the seller continues in possession but under a different title other than ownership.

It refers to a delivery where the seller points out to buyer the things which are transferred.

It refers to an agreement that dominion is reserved in favor of the seller until the full payment of purchase price.

The following sales must be in writing to be enforceable: (1) sale of personal property at a price not less than P500, (2) sale of real property or an interest therein, and (3) sale of any property not to be performed within a year from the date thereof.

First Statement: If earnest money is paid, there is already a sale perfected.

Second Statement: If option money is paid, no sale is perfected yet.

What distinguishes earnest money from option money?

Where the price of the thing sold cannot be determined and the thing has been delivered to and appropriated by the buyer, how much does the buyer have to pay?

If the parties really intended a donation or some other act or contract, the contract of sale is:

If there is mere inadequacy of the price, the contract is:

For a right to be a valid subject matter, it must be:

For a thing to be a valid subject matter, it has to be:

A judge, justice, prosecuting attorney, or clerk of court cannot acquire even at a public auction, either in person or through the mediation of another which property?

An executor or administrator cannot acquire even at a public auction, either in person or through the mediation of another which property?

An executor or administrator cannot acquire even at a public auction, either in person or through the mediation of another which property?

An executor or administrator cannot acquire even at a public auction, either in person or through the mediation of another which property?

An executor or administrator cannot acquire even at a public auction, either in person or through the mediation of another which property?

An executor or administrator cannot acquire even at a public auction, either in person or through the mediation of another which property?

A guardian cannot acquire even at a public auction, either in person or through the mediation of another which property?

A guardian cannot acquire even at a public auction, either in person or through the mediation of another which property?

A contract of sale between husband and wife entered into after a judicial separation of properties has been decreed is:

If the property regime between husband and wife is the regime of separation of property, a sale by one spouse to another is:

The incapacity of minors, demented persons, imbeciles, deaf and dumb, prodigals and civil interdictees in entering into contracts of sale is:

The characteristics of a contract of sale are: (1) consensual, (2) bilateral, (3) onerous, (4) principal, and (5) nominate.

A deed of sale where the stated consideration had not in fact been paid is:

First Statement: Sale is not a mode of acquiring ownership.

Second Statement: Delivery is the operative mode that transfers ownership

Statement 1: A contract of sale is separate and distinct from a contract of option.

Statement 2: A contract of option presupposes the existence of a perfected contract of sale

Mr. F made a unilateral promise to sell to Mr. G a parcel of land at a price of P2,500,000. Mr. G paid P20,000 in consideration of such promise in the condition that Mr. F will not sell the land to others for sixty(60) days. Under these circumstances:

Mr. F made a unilateral promise to sell to Mr. G a parcel of land at a piece of P2,500,000 in consideration of such promise on the condition that Mr. F will not sell the land to others for sixty (60) days. Under circumstances:

In construing a contract containing provisions characteristic of both the contract of sale and of the contract of agency to sell, the essential clauses of the whole instrument may not be considered.

The goods which form the subject of a contract

of sale may be either:

Plaintiff granted defendant the right to sell as an “agent” of Quiroga beds in the Visayas. The defendant was obliged under the contract to pay for the beds, at a discount of 25% as commission on the sales. The payment had to be made whether or not the defendant was able to sell the beds. Is this a contract of sale, or an agency to sell?

X acquired a booklet of 10 sweepstakes tickets directly

from the PCSO. X paid P1,800 for the booklet, less the discount. He is referred as an agent of PCSO and that he may be entitled to an agent's prize should one of the tickets purchased win a principal prize. What kind of contract is this?