Obligation: 1. The buyer has the right to the fruit of the thing from a.

the time the thing is delivered b. the time the time the contract is perfected c. the time the fruits are delivered d. the time the obligation to deliver the thing arises 2. remission is: a. essentially gratuitous b. absolutely gratuitous c. naturally gratuitous d. all of the above 3. source of obligation which is a rule of conduct, just and obligatory, promulgated by legitimate authorities for common good, benefit and observance. a. Contracts b. Law c. Quasi-delict d. Delict e. Quasi-contract 4. Novation Statement 1: If prejudicial, the solidary creditor who effected the novation shall reimburse the damages incurred by them. Statement 2: if beneficial, the creditor who effected the novation is able to secure performance of the obligation, such creditor shall be liable to the others only for the share which corresponds to them. a. Both statements are true b. Both statements are false c. Statement 1 is true while statement 2 is false d. Statement 2 is true while statement 1 is false 5. Alternative obligation and facultative obligation are similar in which of the following respects? a. The right of choice belongs to the to either creditor or debtor b. Several prestations are due c. Only one prestation is due but debtor may render another substitution d. The obligation becomes simple obligation once the choice of the prestation is made and communicated. Contracts: 1. A owns a ring, being in need of money A sold the ring for 1,000 to B. After the sale A found out that the ring was worth 5,000. Which statement is true. a. A may rescind the contract on the ground of lesion or inadequacy of cause. b. A may annul the contract on the ground of fraud c. A may annul the contract on the ground of error d. B is entitled to the benefit of the contract because it is valid and binding

2. Contracts may be enforced by or against a third person, except: a. In the case of stipulation pour auturi b. When a third person induces another to violate his contract c. In case of contracts intended to defraud creditors d. When the benefit to the third person is merely incidental 3. Which among the following contracts is void? a. A contract of barter between C, insane, and B, 17 years old. b. A contract for the sale of a cow which is suffering from a contagious disease. c. A contract of sale between the buyer, twisted the arm of the seller so that the latter will sign the deed of sale. d. A contract of sale between G the buyer, aimed a gun at the wife of B the seller so that the latter would sign a deed of sale. 4. The following transactions are void except: a. Oral contract of partnership the capital is 4,000 or more b. Oral contract of partnership whenever immovable property is contributed c. Contracts in writing contemplating impossible services d. Authority of the agent orally made in sale of immovable property. 5. Simulation of contract- Absolute or Relative. Absolute when: a. Parties are not bound at all b. The contract is voidable c. The parties conceal their true agreement d. None of the above

Answers: Obligations 1. 2. 3. 4. 5. B A B C D

Contracts 1. 2. 3. 4. 5. D D B A A