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WorksheetsObligations and Contracts Test Bank — Obligations
Total questions: 142
Worksheet time: 1hrs 23mins
The following are the requisites of an obligation, except
Passive and active subject
Prestation
Efficient cause
Demand
The right of the creditor that is enforceable against a definite debtor is
Real right
Natural right
Moral right
Personal right
Which of the following is a civil obligation? A, X obliges himself to pay Y ₱10,000 on December 30, 2025. B, A is a debtor of B for ₱20,000 due on September 30, 1995. C, The obligation of a husband and wife to observe fidelity. D, The obligation of a catholic to hear mass every Sunday.
A
B
C
D
Specific performance may not be possible in this civil obligation A, A, a painter, obliges himself to paint the portrait of B on April 9, 2025 B, C, a farmer, obliges himself to give his only cow to D on February 14, 2025 C, E, a veterinarian, obliges himself to give one of his dogs to F on May 1, 2025 D, G, a registrar of deeds, obliges himself to effect registration of H’s parcel of land on February 28, 2025.
A
B
C
D
The source of obligations which is a rule of conduct, just and obligatory, promulgated by legitimate authorities for common good, benefit and observance
Contracts
Quasi-contracts
Delicts
Law
A juridical necessity to give, to do or not to do
Civil obligation
Natural obligation
Moral obligation
Social obligation
They give a right of action to compel their performance
Civil obligation
Moral obligation
Natural obligation
Social obligation
The obligee has a right to enforce the obligation against the obligor in a court of law
Civil obligation
Moral obligation
Natural obligation
Social obligation
This is based on equity and justice
Civil obligation
Moral obligation
Natural obligation
Social obligation
The person in whose favor the obligation is constituted
Obligor
Obligee
Passive subject
Debtor
Synonymous to obligee 1. Creditor 2. Active subject 3. Debtor 4. Passive subject
1 and 2
1 and 4
2 and 3
3 and 4
The person who has the duty of giving, doing or not doing.
Obligee
Obligor
Active subject
Creditor
Synonymous to obligor 1. Creditor 2. Active subject 3. Debtor 4. Passive subject
1 and 2
1 and 4
2 and 3
3 and 4
The object or subject matter of the obligation
Prestation
Vinculum
Active subject
Passive subject
The efficient cause or juridical tie why the obligation exists
Active subject
Passive subject
Prestation
Vinculum
The duty not to recover what has voluntarily been paid although payment was no longer required
Civil obligation
Natural obligation
Moral obligation
Juridical obligation
The following are sources of obligations derived from law, except
Contracts
Quasi-contracts
Delicts
Quasi-delicts
Cannot be enforced by court action and depend exclusively upon the good conscience of the debtor.
Civil obligation
Natural obligation
Moral obligation
Social obligation
A owes B P1,000. A, knowing that the debt has prescribed, nevertheless, still pays B. Can A recover what he voluntarily paid? First answer Yes, because B has no right to demand the payment effected by A. Second Answer No, the payment extinguished the natural obligation.
Both answers are correct.
Both answers are wrong.
Only the first is correct.
Only the second is correct.
The duty to pay taxes and support one’s family are obligations arising from
Law
Contracts
Quasi-contracts
Delicts
The obligation of husband and wife to render mutual help and support arises from
Contract
Law
Quasi-contract
Quasi-delict
A supports B, a minor, because B’s father refuses to support B. The father is obliged to reimburse A. The source of obligation is
contracts
quasi-contracts
delicts
quasi-delicts
A juridical relation resulting from a lawful, voluntary, and unilateral act and which has for its purpose the payment of indemnity to the end that no one shall be unjustly enriched or benefited at the expense of another.
Contract
Quasi-contract
Delicts
Quasi-delicts
When a person voluntarily takes charge of another’s abandoned business or property without the owner’s authority where reimbursement must be made for necessary and useful expenses.
Quasi-contract
quasi-delict
Negotiorum gestio
Solutio indebiti
When something is received when there is no right to demand it, and it was unduly delivered thru mistake, the recipient has the duty to return it.
Quasi-contract
Quasi-delict
Negotiorum gestio
Solutio indebiti
- A quasi-contract is an implied contract. - A defendant who is acquitted in a criminal case is no longer liable civilly.
True; true
True; false
False; true
False; false
Tort or culpa aquiliana is
Quasi-contract
Quasi-delict
Negotiorum gestio
Solutio indebiti
A fault or act or omission of care which causes damage to another, there being no pre-existing contractual relations between the parties.
Quasi-contract
Quasi-delict
Negotiorum gestio
Solutio indebiti
Omission of the diligence which is required by the circumstances of person, place and time.
Ignorance
Negligence
Impotence
Insanity
Unless the law or the stipulation of the parties require another standard of care, every person obliged to give something is also obliged to take care of it with the proper diligence.
Observing utmost care.
Observing extraordinary diligence
Of a father of a good family
Observing ordinary diligence
Ordinary diligence is
Diligence of a good father of a family.
Extraordinary diligence
Diligence required by law
Diligence of a father of a good family.
The creditor has the right to the fruits of the thing.
From the time the obligation to deliver it arises.
From the time the fruits have been delivered.
From the time there is meeting of the minds.
From the perfection of the contract.
From the time the fruits have been delivered, the creditor shall acquire
Real right
Personal right
Moral right
Inchoate right
If A sells to B a fountain pen, the giving by A to B of the fountain pen is
Actual tradition
Traditio longa-manu
Symbolical tradition
Constructive delivery
Items 35-39 A kind of constructive delivery whereby: There is delivery when the keys of a warehouse are given.
Traditio simbolica
Traditio longa-manu
Traditio brevi-manu
Traditio constitutom possessorium
Items 35-39 A kind of constructive delivery whereby: There is delivery by mere consent or pointing out of an object.
Traditio simbolica
Traditio longa-manu
Traditio brevi-manu
Traditio constitutum possessorium
A possessor of a thing not as an owner, becomes the possessor as owner.
Traditio simbolica
Traditio longa-manu
Traditio brevi-manu
Traditio constitutum possessorium
A possessor of a thing as an owner retains possession no longer as an owner, but in some other capacity.
Traditio simbolica
Traditio longa-manu
Traditio brevi-mani
Traditio constitutom possessorium
The opposite of brevi-manu
Longa-manu
Simbolica
Constitutum possessorium
Quasi-tradition
If a thing is capable of particular designation.
Generic
Specific
Indeterminate
Indeterminable
If a thing refers to a class, to a genus and cannot be pointed out with particularity.
Generic
Specific
Determinate
Indeterminable
A wife was about to deliver a child. Her parents brought her to the hospital. Who should pay the expenses for medical attendance? Answer 1 – The husband, because it is his duty to support his wife and support includes medical attendance. Answer 2 – The parents, because they were the persons who brought the “wife” to the hospital.
Both answers are correct.
Both answers are not correct.
Only the first is correct.
Only the second is correct.
The following are kinds of fruits of an obligation, except
natural
industrial
civil
penal
Spontaneous products of the soil and the offspring and other products of animals
natural
industrial
civil
penal
Products of the soil through cultivation or intervention of human labor.
natural
industrial
civil
penal
Fruits arising out of contracts- like rental payments.
natural
industrial
civil
penal
When does the obligation to deliver arise? Answer 1 - If there is no term or condition, then from the perfection of the contract. Answer 2 - If there is a term or condition, then from the moment the term arrives or the condition happens.
True; true
True; false
False; true
False; false
A is obliged to give B 10 kilos of sugar, which of the following is not correct?
B can demand that A obtain the sugar and deliver it to him.
B can just buy 10 kilos of sugar and charge the expense to A.
A can insist on just paying B damages or the monetary value of the sugar.
B may require another person to deliver the sugar and charge the expenses to A.
Where demand by the creditor shall be necessary in order that delay may exist.
When time is of the essence of the contract.
When demand would be useless.
When the obligor has expressly acknowledged that he is in default.
When the obligor requested for an extension of time.
Debtor’s default in real obligation.
Mora accipiendi
Mora solvendi ex-re
Mora solvendi ex-persona
Compensatio morae
Debtor’s default in personal obligation.
Mora accipiendi
Mora solvendi ex-re
Mora solvendi ex-persona
Compensatio morae
Default on the part of the creditor
Mora accipiendi
Mora solvendi ex-re
Mora solvendi ex-persona
Compensatio morae
Default on the part of both parties.
Mora accipiendi
Mora solvendi ex-re
Mora solvendi ex-persona
Compensatio morae
A borrowed money from B payable on December 10, 2008. If A failed to pay on due date, will A be in delay?
Yes, because there is stipulation as regards the due date.
Yes, if the obligation is in writing.
No, because demand has not been made by B.
No, if A has the money to pay B.
Damages awarded for mental and physical anguish.
Moral
Exemplary
Nominal
Temperate
Damages awarded to vindicate a right.
Liquidated
Actual
Nominal
Exemplary
Damages awarded to set an example.
Exemplary
Liquidated
Nominal
Moral
When the exact amount of damages cannot be ascertained.
Exemplary
Liquidated
Temperate
Moral
Damages determined beforehand.
Temperate
Liquidated
Actual
Moral
A obliged himself to deliver to B the following: 1) 2024 Sing-It Yamaha Organ 2) Magalona passenger jeepney with engine No. 69 and chasis No. 88 First Statement - In case A failed to deliver the 2024 Yamaha Organ, the court may compel A to deliver the 2024 Yamaha Organ plus damages Second Statement - In case A failed to deliver the jeepney, the court may compel A to deliver the jeepney plus damages.
True; true
True; false
False; true
False; false
I - If a person obliged to do something fails to do it, the same shall be executed at his cost. II - Those who in the performance of their obligations are guilty of fraud, negligence, or delay and those who in any manner contravene the tenor threof, are liable for damages.
True; true
True; false
False; true
False; false
I - Responsibility arising from fraud is demandable in all obligations. Any waiver of an action for fraud is void. II - If the law or contract does not state the diligence which is to be observed in the performance of an obligation, that which is expected of a father of a good family shall be required.
True; true
True; false
False; true
False; false
I - The receipt of a later installment of a debt without reservation as to prior installments, shall give rise to a rebuttable presumption that such installments have been paid. II - If a taxpayer pays his income tax liability for the current year, there is a presumption that tax liability for the previous year has been paid.
True; true
True; false
False; true
False; false
With regard to the right as to the fruits of the thing, which is not correct?
If the obligation is subject to a suspensive condition, the obligation to deliver arises from the moment the condition happens.
If the obligation is subject to a suspensive condition, the obligation to deliver arises upon the expiration of the term or period.
If there is no condition or term for its fulfillment, the obligation to deliver arises from the perfection of the contract or creation of the obligation.
If the obligation arises from the contract of sale, the vendor has a right to the fruits of the thing from the time the obligation to deliver arises.
A is obliged to deliver his only car to B on November 20, 2025. If A does not deliver, and on November 22, 2025, a typhoon destroys the car.
A is not liable because the obligation is extinguished.
A is liable because he is in delay.
A and B will divide the loss equally.
A’s obligation is converted into a monetary obligation.
I - When what is to be delivered is a determinate thing, the creditor may compel the debtor to make the delivery and if the debtor refuses, the creditor may ask that the obligation be complied with at the expense of the debtor. II - The obligation to give a determinate thing includes that of delivering all its accessions and accessories, even though they may not have been mentioned.
True; true
True; false
False; true
False; false
What is the basis of the liability of a school when a student is stabbed inside the campus by a stranger in the school?
Contracts
Quasi-contracts
Delicts
Quasi-delicts
The following except one, are included in civil liability. The exception is
Restitution
Reparation
Indemnification
Starvation
The thing itself shall be restored, as a rule
Restitution
Reparation
Indemnification
Starvation
The court determines the amount of damage taking into consideration the price of the thing and its sentimental value to the injured person.
Restitution
Reparation
Indemnification
Starvation
The consequential damages suffered by the injured person and those suffered by his family or third person by reason of the act.
Restitution
Reparation
Indemnification
Starvation
Action to impugn or rescind acts or contracts done by the debtor to defraud the creditors.
Accion reivindicatoria
Accion pauliana
Accion subrogatoria
Accion quanti-minoris
A borrower agreed, that in case of non-payment of his debt, to render services as a servant. Which of the following is not correct? A- If the services will be rendered in satisfaction of the debt, the stipulation is valid. B - If the services will be “for free”, the stipulation is void for being contrary to law and morals. C- If the services will not be gratuitous, specific performance of the service will be the proper remedy in case of non-compliance. D- Should there be a valid stipulation as regards the rendition of services, an action for damages should be brought in case of non-compliance.
A
B
C
D
A ordered B, a 10 year old boy to climb a high and slippery mango tree with a promise to give him part of the fruits. B was seriously injured when he fell while climbing the tree. Is A liable? First Answer - No, because no person shall be responsible for fortuitous events. Second Answer – Yes, because A is negligent in making the order without taking due care to avoid a reasonable foreseeable injury to B.
True; true
True; false
False; true
False; false
A pays for B’s transportation fare, without B’s knowledge and later discovers that B was entitled to half-fare. Which is not correct?
A can recover the half-fare from B.
A can recover the half-fare from the carrier.
A can recover the ½ from B and ½ from the carrier.
A can recover half-fare from B only.
A borrowed P100,000 from B. The loan was secured by a mortgage of A’s land in favor of B. Without the knowledge of A, C paid B the sum of P100,000 for A’s debt. As a result
C may foreclose the mortgage on A’s land if A cannot pay.
C cannot claim reimbursement from A in as much as the payment was made without the knowledge of B.
C can recover the amount from B in case A refuses to reimburse C.
The obligation of A to B was extinguished but A should reimburse C the amount of P100,000 because he was benefited by the payment.
When the debtor of a debtor is ordered not to pay the latter so that preference would be given to the latter’s creditor.
Garnishment
Interpleader
Injunction
Attachment
A obtained a loan from B bank. The loan was embodied in several promissory notes. As security the borrower executed a chattel mortgage on his standing crops. Said crops were however subsequently destroyed by typhoon “Rosing”. Is A still liable for the loan despite the destruction of the crops by a fortuitous event? 1st Answer - Yes, the obligation of A was to deliver a generic thing – money. 2nd Answer – No, the obligation was to deliver determinate things – the standing crops.
True; true
True; false
False; true
False; false
A sold a half-interest in his specific car to B. It was agreed that the price to be paid by B would be used in installing a new engine on the car. Later, the car was destroyed by a fortuitous event. Is B’s obligation to pay the price extinguished? 1st Answer - Yes, there is no more use of installing a new engine since the car has already been destroyed by a fortuitous event. 2nd Answer - No, B must still pay because his obligation to pay is in generic.
True; true
True; false
False; true
False; false
I – A commits the crime of theft and is asked to return the car to its owner B. If, before the car is delivered to B it is destroyed by a fortuitous event, is A’s liability extinguished? II – Using the above statement, A had previously asked the owner to accept the car, but the owner without any justifiable reason refuses to accept the car, and it is destroyed by a fortuitous event, is A’s liability extinguished?
Yes; Yes
No; Yes
Yes; No
No; No
I - There is no delay in an obligation not to do something. II - Solutio indebiti and negotiorum gestio are implied contracts.
True; true
True; false
False; true
False; false
I - Consent of the parties is required in quasi-contract. II - The creditor acquires real rights over the thing from the time the obligation to deliver arises.
True; true
True; false
False; true
False; false
The creditor has a right to the fruits of the thing from the time
The thing is delivered.
The fruits are delivered.
The obligation to deliver the thing arises.
The sale is perfected.
The buyer has a right to the fruits of the thing from the time
The thing is delivered.
The fruits are delivered.
The obligation to deliver the thing arises.
The sale is perfected.
Which is not considered as quasi-contract?
Solutio indebiti
Negotiorum gestio
When the third person with the knowledge of the debtor, pays the debt.
Reimbursement due the person who saved property during fire or typhoon without the knowledge of the owner.
No longer enforceable by court action but is binding on the party who oblige with it in conscience is
Civil obligation
Natural obligation
Moral obligation
Conditional obligation
If A pays a debt that has prescribed 1. Not knowing it has prescribed, A can recover on the ground of undue payment. 2. Knowing it has prescribed, A cannot recover for this would be a case of natural obligation.
Both 1 and 2 are true
Only 1 is true
Only 2 is true
Both 1 and 2 are false
On June 24, 2025 A is obliged to give B his specific car. There was no delivery until June 30 when the garage of the car collapsed due to heavy rain and strong winds of Typhoon Ondoy, and the car was totally destroyed. Is A still liable?
No, even if A was in default, he could plead impossibility of performance.
Yes, because the contract is perfected.
No, because there was no demand by B to deliver the car.
This obligation is demandable at once when it
has a resolutory condition.
has a suspensive condition
is with a term ex-die.
has a period.
When the debtor binds himself to pay when his means permit him to do so, the obligation shall be deemed to be with a
Resolutory period
Suspensive condition
Potestative condition
Period.
A promise to give B his Volvo car if B passes the CPA Board Exams. Pending the results of the exams, the car is destroyed by a fortuitous event without any fault on the part of A. As a result
The obligation of A is extinguished.
The obligation of A is converted into monetary obligation.
The obligation of A will equitably reduced.
A will have to give B another car of equivalent value.
A period with a suspensive effect.
I will support you beginning January 1 of next year.
I will support you until January 1 of next year.
I will support you if A dies of TB.
I will support you if A marries B.
A period with a resolutory effect.
I will support you beginning January 1 of next year.
I will support you until A dies.
I will support you if A dies.
I will support you if A dies of TB.
The obligation begins only from a day certain or upon the arrival of said period.
Ex die
In diem
Conditional
With a period
The obligation remains valid up to a time certain but terminates upon the arrival of said period.
With a period
Conditional
Ex die
In diem
Anything paid or delivered before the arrival of the period, the obligor being unaware of the period or believing that the obligation has become due and demandable.
May be recovered without interests.
May be recovered with interests.
May be recovered with fruits and interests.
May not be recovered.
Whenever in an obligation a period is designated, it is presumed to have been established for the benefit
Of both the creditor and debtor
Of the creditor only
Of the debtor only
Of third persons
This is a valid obligation.
A will give B P100,000 if B will kill C.
A will give B P1,000,000 if B will agree to be the mistress of A.
A will give B P100,000 if B can make C rise from the dead.
A will give B P1,000 if B will not pose nude in a painting session.
Where two or more prestations have been agreed upon but only one is due, the obligation is
Alternative
Facultative
Conjoint
Solidary
Using the preceding number, the right of choice, belongs
To the debtor
To the creditor
To both the creditor and debtor
To third person
A delivered his bracelet to B for B’s necklace. No written agreement was signed by the parties. Which of the following is appropriate description of the contract between A and B?
Onerous and bilateral
Bilateral and innominate
Bilateral and innominate
Aleatory and nominate
They are the elements that are found in certain contracts and are presumed to exist unless set aside by the parties
Accidental elements
Natural elements
Artificial elements
Incidental elements
They refer to the elements that may be stipulated by the contracting parties
Accidental elements
Natural elements
Artificial elements
Incidental elements
The following are some accidental elements of a contract of sale, except
Terms of payment
Interest rate
Place of payment
Accession and accessories
A contract where the cause with respect to each contracting party is the prestation or the promise of a thing or service by the other is
An onerous contract
A gratuitous contract
An innominate contract
An aleatory contract
A contract where one party receives no valuable consideration and the cause is the liberality of the benefactor is
A gratuitous contract
A unilateral contract
An onerous contract
A commutative contract
A delivered his van to B for the latter’s use for one week without any compensation. The cause of the contract is
The van of A
The generosity of A
The period of one week
The delivery of the van
The principle that contracting parties may establish such stipulations, clauses, terms and conditions as they may deem convenient, provided they are not contrary to law, moral, public policy and public order, refer to the principle of
Liberty of contract
Relativity of contract
Consensuality of contract
Mutuality of contract
The following instances will render an offer ineffective before acceptance is conveyed. Which one will not? When one of the parties
Is civilly interdicted
Becomes insolvent
Becomes insane
Is placed under a hypnotic spell
The following statements pertain to the cause of a contract. Which statement refer to motive?
It is the essential reason of a contract.
It is always known to the contracting parties
It is illegality does not affect the validity of the contract
there will be no contract without it
The bargaining point, that is, when negotiation is in progress (stage in the life of a contract)
Consummation
Conception
Perfection
Birth
The meeting of minds regarding the object and cause of the contract (stage in the life of a contract)
Conception
Preparation
Death
Birth
The point where the parties have performed their respective obligations and the contract is terminated
Preparation
Conception
Perfection
Consummation
When there is concurrence of offer and acceptance, there is
Payment
Consignation
Consent
Tender of payment
An absolutely simulated or fictitious contract is
Void
Voidable
Rescissible
Unenforceable
A sold to B his cow for ₱5,000. No date is fixed by the parties for the performance of their respective obligations. The obligation of A is
To deliver the cow immediately as there is a perfected contract.
To deliver the cow within the reasonable time from the perfection of the contract
To deliver the cow upon the payment by B of ₱5,000
To rescind the contract as there is no time fixed for the delivery and payment.
A owes B ₱10,000 due on March 10, 2025. A owes B ₱8,000 due on March 11, 2025. A obliged himself to deliver to B a cow valued at ₱6,000 on March 12, 2025. On March 13, 2010, A paid B ₱10,000. If A makes an application of payment,
The ₱10,000 should be applied to the first debt only
The ₱10,000 should be applied to the second debt only
The ₱10,000 may be applied either to the first debt or second debt
The ₱10,000 may be applied to the first debt, or to the second debt or to the third debt
A contract where both contracting parties are incapable of giving consent is
Void
Rescissible
Unenforceable
Voidable
The conception of a contract is when
When there is meeting of the minds
When negotiations are in progress
When the contract is executed
When the parties come to an agreement
Contract which has no effect at all
Rescissible
Voidable
Unenforceable
Void
Contract which can not be ratified
Rescissible
Voidable
Unenforceable
Void
If mistake, fraud, accident or inequitable conduct has prevented a meeting of the minds of the parties to a contract, the proper remedy is
Ratify the contract
Ask for a specific performance
Annulment of the contract
Reformation of the contract
A sold his land to B. The sale was made orally. B paid the agreed price. B wanted to have the sale registered but he needs a public instrument. Which is correct?
B may sue A for the return of his money as no one shall be unjustly enriched at the expense of another.
B cannot demand the return of the purchase price because the sale is unenforceable.
B may compel A to execute the public instrument because the sale is valid.
B may only occupy and use the land as buyer in good faith
A is the guardian of B, a minor. B sold A’s land in writing to C valued at ₱1,000,000 for ₱700,000. The sale is (stage in the life of a contract)
Rescissible
Voidable
Unenforceable
Void
Although validly agreed upon, courts can nullify this contract because of damage to one of the parties or to a third person and its enforcement may cause injustice by reason of some external facts
Rescissible contracts
Unenforceable contracts
Voidable contracts
Void contracts
A contract where the fulfillment is dependent upon the chance, so the values may vary because of the risk or chance.
Commutative
Aleatory
Remunerative
Gratuitous
A clause providing that the mortgagee will automatically own the property mortgaged if the debt is not paid at maturity is
Dacion en pago
Payment by cession
Pactum commissorium
Upset price
The contract must bind both contracting parties
Consensuality of contract
Simplicity of contract
Mutuality of contract
Relativity of contract
Not a characteristic of contract
Consensuality of contract
Simplicity of contract
Mutuality of contract
Relativity of contract
Contracts are generally effective only between the parties, their assigns and their heirs
Consensuality of contract
Simplicity of contract
Mutuality of contract
Relativity of contract
A stipulation in favor of a third person
Stipulation pour autrui
Stipulation pour over
Assignment of credit
Pactum commissorium
Not a requisite of stipulation pour autrui
The contracting parties must have clearly and deliberately conferred a favor upon third person
The stipulation must be part of the contract
The third person communicated his acceptance to the obligor before its revocation
There must be an agency between either of the parties and the third person
The following contracts are not perfected until the delivery of the object of the obligations, except
Pledge
Deposit
Commodatum
Sale
Pledge, deposit and commodatum are
Consensual contracts
Real contracts
Solemn contracts
Formal contracts
Acceptance of an offer made by letter or telegram shall bind the offeror. From the time the
Offeree accepted the offer
Offeree sent his letter or telegram
Acceptance came to the knowledge of the offeror
Offeror made the offer
A contract where consent is given through mistake, violence, intimidation, undue influence or fraud is
Rescissible
Voidable
Unenforceable
Void
The mortgagor will execute an instrument to transfer the ownership over the property mortgaged to the mortgagee if the debt is not paid at maturity is
Void
Voidable
Valid
Unenforceable
A, B and C are jointly liable to D in the amount of P9,000. D assigns the entire credit to A. In this case
The obligation is extinguished because of confusion
B and C will not be liable to A
A becomes the new creditor and may demand from B and C P4,500 each
A’s share in the obligation is extinguished because of confusion.
One is not a requisite needed in order that obligation shall be extinguished by loss or destruction of the thing due:
When the thing is lost without the fault of the debtor
When the thing lost is generic
When the thing is lost before the debtor has incurred in delay.
When the thing lost is specific
The obligation is demandable on the date of the obligation and shall continue to be in force up to the arrival of the day certain:
Resolutory period
Suspensive period
Indefinite period
Legal period
Characteristic of void contracts, except
Defense of illegality cannot be waived
Cannot be ratified
Action for declaration of inexistense does not prescribe
The inexistence can be assailed by third person
Unless ratified, suits will not prosper if the contract is
Rescissible
Voidable
Unenforceable
Void
