Question:

In order that fraud may make a contract void able:

A.

It may be incidental but both parties should not be in pari delicto.

B.

It may be serious and the parties must be in pari delicio.

C.

It may be incidental but should have been employed by both parties.

D.

It should be serious and should have not have been employed by both contracting parties.

Answer» d. It should be serious and should have not have been employed by both contracting parties.

Question:

Which of the period in the following cases is intended for the benefit of the debtor?

A.

Payable on December 31, 2006

B.

Payable before December 31, 2006

C.

Payable on or before December 31, 2006

D.

All of the above

Answer» b. Payable before December 31, 2006

Question:

As a general rule, consignation must be preceded by a valid tender of payment. Enumerated below however, are situations which allows a consignation without a prior tender of payment. Which is the exception?

A.

When for any cause, the creditor refuses to give a receipt.

B.

When the creditor is absent or unknown, or does not appear at the place of payment.

C.

When two or more persons claim the same right to collect.

D.

When the title to the obligation has been lost.

Answer» a. When for any cause, the creditor refuses to give a receipt.