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 the package to Pablo arises from

A.

law

B.

contracts

C.

moral obligations

D.

solutio indebiti

Answer» d. solutio indebiti

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 with any bank and in the name of Mr. Creditor.

B.

Mr. Debtor may make a consignation by depositing the amount due at the disposal of judicial authorities before whom the tender of payment shall be proved in a proper case.

C.

Mr. Debtor has no legal basis for making a consignation.

D.

The creditor may be considered in mora accipiendi.

Answer» c. Mr. Debtor has no legal basis for making a consignation.

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. Eusebio refused to accept the payment offered by Gody. Which of the following statements is correct?

A.

Eusebio can be compelled to accept the payment offered by Gody because the amount being offered is complete.

B.

Eusebio can be compelled to accept the payment being offered if the interest will be reduced.

C.

Gody cannot compel Eusebio to accept the amount offered by him because the period for payment has not yet arriv

Answer» c. Gody cannot compel Eusebio to accept the amount offered by him because the period for payment has not yet arriv

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 of the creditor.

A.

accion subrogatoria

B.

novation

C.

accion pauliano

D.

none of the above

Answer» b. novation

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