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15. Cures the defect of contract celebrated in the name of another without authority or in
excess of authority
a. Rescission
b. Annulment
c. Ratification
d. Reformation
16. A and B who are both unemancipated minors entered into a contract. The contract
entered into by and between them is
a. Rescissible
b. Unenforceable
c. Voidable
d. Void
17. A contract executed by two (2) parties and one (1) of the parties is not capable of
giving consent
a. Voidable
b. Rescessible
c. Void
d. Unenforceable
18. Contract where something is given for a benefit or service that was performed even
though there is no legal obligation to do so
a. Onerous
b. Gratuitous
c. Remuneratory
d. None of the above
19. Which is a basic characteristic of a contract?
a. Freedom to stipulate
b. Obligatory force and compliance in good faith
c. Perfection by mere consent
d. All of the above
20. Which may be a valid subject matter of a contact?
a. Things
b. Rights or credits
c. Services
d. All of the above
21. Special form is required for its perfection
a. Consensual
b. Real
c. Formal
d. Aleatory
22. The old and new obligations are incompatible with each other
a. Express
b. Implied
c. Mixed
d. None of the above
23. X obliged himself to pay Y P100,000. X executed a negotiable promissory note in
favor of Y. Y endorsed it to Z, then Z to W, then W to X. the obligation of X to Y is
extinguish by
a. Merger
b. Confusion
c. Compensation
d. Novation
24. Divisible object or service may be indivisible
a. If provided by law
b. If intended by the parties
c. As determined by the character of the prestation
d. All of the above
25. X is obliged to pay Y P50,000 on Jan. 25,2002. There is _______ indivisibility.
a. Conventional
b. Natural
c. Absolute
d. Legal
26. A paying solidary debtor who pays any creditor at maturity date is entitled to the
payment of interest from his co-debtors.
a. From the date of payment until reimbursement is made.
b. From maturity date until reimbursement is made.
c. Both of the above.
d. Neither A or B.
27. The motive is
a. Lawful
b. Unlawful
c. Inexistent
d. Impossible
28. Contract agreed to during a hypnotic spell.
a. Valid
b. Voidable
c. Unenforceable
d. Void
29. Gratuitous abandonment by the creditor of his right.
a. Condonation
b. Confusion
c. Compensation
d. Novation
30. The value of the currency at the time of establishment of the obligation shall be the
basis of the payment.
a. In case of extraordinary inflation of the currency stipulated should supervene.
b. In case of the extraordinary deflation of the currency stipulated should supervene.
c. Both A and B
d. Neither A nor B
31. These person are bound by contract
a. Contracting parties
b. Assigns
c. Heirs
d. All of them
32. The reverse of a pure obligation
a. Pure obligation
b. Conditional obligation
c. Obligation with a period
d. Alternative obligation
33. Plants and trees that grow without human intervention.
a. Natural fruits
b. Industrial fruits
c. Civil fruits
d. All of the above
34. A, B and C are solidarity obliged to pay D and E P300,000. E makes a demand to A. In
order to totally extinguish the obligation
a. B must pay E P150,000
b. B must pay D P300,000
c. A must pay E P150,000
d. A must pay D P300,000
35. Who is liable for the loss of the subject matter by fortuitous event?
a. Creditor
b. Debtor
c. Both creditor and debtor
d. None of the above