Question: Pedro receives a package via Federal Express. When he opened the package he realized that the same was delivered to him by mistake and that the real owner thereof is Pablo, his neighbor. The obligation of Pedro to give…

Question: Mr. Debtor owes Mr. Creditor P100, 000. On the due date, Mr. Debtor delivers a cashier’s check for the full amount. Mr. Creditor refuses to accept the check. A. Debtor may make a consignation by depositing the amount due…

Question: Gody obtained a loan from Eusebio in the amount of PhP10,000.00 payable on June 30, 2005 plus 10% interest. On January 2, 2005, Gody won PhP100, 000.00 in a bingo game and he offered to pay PhP10,000.00 to Eusebio.…

Question: It is the substitution or change of an obligation by another, which extinguishes or modifies the first either changing its object or principal condition, or substituting another in place of the debtor, or subrogating a third in the right…

Question: Which among the following is not an essential element of an obligation? A. Active and passive subjects. B. Form of the obligation C. Prestation D. Juridical tie Answer» b. Form of the obligation Note: The above multiple-choice question is…

Question: No. 1 – If a person obliged to do something fails to do it, the only remedy of the obligee is to demand for the payment of damages. No. 2 – If a person obliged to do something fails…

Question: For compensation to be proper, the following must be complied with. Which is the exception? A. Both debts consist in a sum of money or of the same kind. B. Both debts are due. C. Both debts be liquidated…

Question: Which among the following fails to state a correct legal principle? A. The debtor in obligations to do shall be released when the prestation becomes legally or physically impossible without the fault of the obligor. B. Whenever the thing…

Question: The quasi-contract of negotiorum gestio requires the following. Which is the exception? A. There must be an abandoned or neglected property or business. B. Someone voluntary takes charge of that abandoned business or property. C. The owner must consent…

Question: A debt has a maturity date of November 1, 2004. Payment was made on November 1, 2005 but demand was made on June 1, 2005. If the debtor is made liable for interest, the interest shall commence to run…