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ABE International Business CollegeRockwell Bldg., Brgy. IX, Quezon Avenue, Lucena City

Law on Oligation and Contracts!r. "ear ". Arellano II

I. !ulti#le C$oice (Encircle the letter of the correct answer)

1. The elements of a contract without which a contract would not exist.a. Essential elementsb. Natural Elementsc. Accidental Elementsd. Ordinary Elements

2. The essential elements of a consensual contract are the following exce!t"a. consent of the contracting !arties.b. ob#ect certain which is the sub#ect matter of the contract.c. cause of the obligation which must established.d. warranty of the !arties that they will !erform their obligations.

$. The essential elements of a real contract are the three essential elements mentionedin the !receding number and the"a. execution of a !ublic instrument.b. execution of a !ri%ate instrument.c. deli%ery of the ob#ect of the contract.d. formalities re&uired by law.

'. The essential elements of a formal or solemn contract are the three essentialelements mentioned in No. 2 and the"a. formalities re&uired by law.b. deli%ery of the ob#ect of the contract.c. execution of a !ublic instrument.d. execution of a !ri%ate instrument.

. hich of the following is a solemn contract that is re&uired to be in a !ublicinstrument for its !erfection*a. +ontract of !artnershi! where immo%able !ro!erty is contributed.b. The sale of a building.c. The mortgage of motor %ehicle.

d. The acce!tance of an inheritance.

,. -f the contract referred to in the !receding number is not a !ublic instrument suchcontract will be considered"a. unenforceableb. %oidablec. %oidd. rescissible

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. / donated a !arcel of land to +. 0or the contract to be %alid"a. the donation and the acce!tance must at least be in a !ri%ate instrument.b. the donation and the acce!tance must be - a !ublic instrument.c. the donation and the acce!tance may be made orally.

d. the donation and the acce!tance may be in any form i.e. oral or written and whenwritten may be a !ublic or !ri%ate instrument.

. hich of the following is not a real contract*a. /e!ositumb. ledgec. +ommodatumd. 3ale of !ersonal !ro!erty

4. hich of the following is a !rinci!al contract*a. 3im!le loan of money

b. 5uarantyc. 6eal Estate 7ortgaged. ledge

18. An accessory contract is"a. a means by which other contracts may be entered into.b. one whose existence de!ends u!on antoher contract.c. one that can stand by itself.d. %alid e%en if the !rinci!al contract is %oid.

11. /ionisio borrowed 888.88 from +ardinal awnsho!. To secure the debt /ionisio

!ledged his diamond ring. The !ledge of the ring is"a. a !rinci!al contractb. an accessory contractc. a !re!aratory contractd. not a contract at all

12. These contracts are !resented to you"-. +ontract of artnershi!--. +ontract of Agency

hich of the foregoing contracts is a !re!aratory contract*a. +ontract -b. +ontract --c. +ontracts - and --d. Neither of the two

1$. A contract where the !arties gi%e e&ual or almost e&ual %alues is 9nown as"a. commutati%e contractb. com!ensatory contract

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c. aleatory contractd. e&ui%alent contract

1'. hich of the following is an exam!le of the contract referred to in the !recedingnumber*

a. 3aleb. :arterc. ;ease of ser%iced. All of the foregoing

1. These statements are !resented to you"-. An aleatory contract is one whose fulfillment de!ends u!on chance< thus the %aluesgi%en %ary because of the ris9s in%ol%ed.--. The sale of a swee!sta9es tic9et is an exam!le of an aleatory contract.

-n your e%aluation of the foregoing statements"

a. :oth statements are trueb. :oth statements are falsec. Only 3tatement - is trued. Only 3tatement -- is true

1,. hich of the following is not a bilateral contract*a. 3aleb. +ommodatumc. :arterd. ;ease of real !ro!erty

1. The following are some accidental elements of a contract of sale exce!t"a. terms of !aymentb. interest ratec. !lace of !aymentd. warranty against hidden defects

1. 3oliman exchanged his demand ring for :aldonado=s bracelet.a. The cause with res!ect to 3oliman is :aldonado=s bracelet.b. The cause with res!ect to :aldonado is 3oliman=s diamond ring.c. :oth (a) and (b) are trued. Neither (a) nor (b) is true

14. + and his family who ha%e #ust relocated to a new neighborhood were unloadingtheir furniture and other !ersonal effects from their truc9 when / their neighbor offeredhis hel!. + gladly acce!ted /=s offer. After the #ob was com!leted +ga%e 88.88 to /.The contract between / and + is"a. a remuneratory contractb. an onerous contractc. a gratuitous contract

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d. some other contract

28. -t refers to the money !aid by the offeree to the offeror to bind the latter in case theofferor grants the offeree the !ri%ilege to acce!t an offer within a certain !eriod of time.a. Earnest money

b. O!tion moneyc. /own aymentd. /e!osit

II. Essay(Answer at least $ to sentences)

1. Eight years ago when he was 1 years old 7enora sold his farm lot to :artolo.Today 7enora has no other !ro!erty and has no other means of income. >e wants toreco%er the farm lot which he belie%es is enough to sustain him because it has been!roducing bum!er cro!s. +an he annul the sale to :artolo when he was a minor.

2. 3 insane orally sold his radio to : 1 years old for h! '88.88. hen T the motherof 3 learned about the sale she as9ed 3 to gi%e to her the amount that he had recei%ed.3 obediently ga%e the amount of h! '88.88 which his mother used to buy their food.hat is now the status of the contract*

$. 3 sold to : 8 stic9s of mari#uana at h! 188.88 each. ?!on agreement 3 deli%ered28 stic9s to : who !aid therefor the !rice of h! 2888.88. After 18 days : demandedthe deli%ery of the remaining $8 stic9s but 3 refused on the ground that the contract was%oid. +an : deli%er the remaining $8 stic9s*

'. 3 and : executed a contract of sale in%ol%ing ten cartons of >o!e cigarettes for h!188 and 8 stic9s of mari#uana for h! 88.88. : !aid 3 the total amount of h!2888.88 u!on deli%ery to him of the >o!e cigarettes and the mari#uana. hat is thestatus of the sale*

~GOOD LUCK!!!~